Archived Webinar

Employee Fraud: Understanding the Threat from Within

The role of monitoring in reducing the reputational and financial risks of internal fraud

Originally Presented: July 28, 2021

In order to protect themselves from evolving external threats, financial institutions continue to strengthen their fraud controls by deploying fraud detection solutions across a variety of channels. However, it is imperative that financial institutions do not overlook the threat from within.

Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. While these schemes can add up to significant fraud losses for financial institutions and their customers, they can also enable other illicit activity and pose significant compliance concerns.

Join us for this insightful presentation, as we discuss the financial and reputational risks, as well as the potential compliance concerns of employee fraud. Learn the tactics used by internal bad actors and best practices to mitigate losses, including how appropriate monitoring of both employee access logs and transactional activity can alert institutions to fraudulent activity by employees.

In this educational presentation, you will learn:

  • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
  • Review tactics internal bad actors use to commit fraud against financial institutions
  • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
  •   Employee Fraud
  •   Fraud

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