Gottfried Leibbrandt, chief executive of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), declared that he is going "on the offensive against cyber criminals." With the recent spate of cyber attacks on banks including an 81 million heist we are in dire need of a tight
Fraudulent activities made against Medicare, Medicaid and health insurance organizations are rampant. And because they are committed against governmental social services organizations, they cost US taxpayers huge sums of money. One way to identify and fight against this kind of fraud is combining
Fraudulent practices against social program organizations such as the Social Security Administration are varied, complex and challenging, and its perpetrators range from organized crime to family members of beneficiaries. Gain an understanding of the depths of Social Security fraud and how
Financial institutions everywhere face the ever-present threat of fraud, particularly in the relatively porous channels opened by electronic banking and payments—channels notably exploited by organized crime. Some leading financial institutions, however, unwilling to stand still as threats advance
Like well-coordinated teams in the NBA, today’s insurers need a comprehensive set of analytics tools to shut down fraudsters who perpetrate costly, insidious claims fraud. Discover how to assemble your own dream team of analytics and forensic tools to help your insurance organization emerge
Rising use of mobile devices by cyber criminals to do their dirty work is in lockstep with the trajectory by which consumers are using mobile devices to do their banking. The reason, quite simply, is the same for both types of users—convenience. Fortunately, financial institutions are taking the
Fraud is pervasive and impacts many sectors, but its impact on the healthcare industry is profoundly damaging from a cost perspective. Take a look at this point of view by experts demonstrating how fraudulent practices in healthcare administration can be dramatically reduced by fraud-detection
Financial institutions need comprehensive analytics to build a strong bank fraud detection strategy. Advanced analytics software provides the tools necessary for banks to recognize and act on suspicious patterns, quickly notify customers of fraud incidents and position themselves for faster
Historically, bank robberies could be violent episodes perpetrated by armed criminals. But in today’s digital era, bank robberies and other fraudulent crimes are being committed through highly sophisticated technological means cleverly disguised as legitimate transactions. Take a look at how
Today we announce the acquisition of IRIS Analytics GmbH, an award-winning provider of real-time payments fraud prevention software. This strategic acquisition aims to strengthen our entire Safer Planet portfolio with the addition of IRIS’s advanced machine learning techniques and automated model
Banks are seeking better fraud protection with deep analytics. These tools go beyond simple account monitoring in an attempt to mitigate the billions of dollars fraudsters steal each year through online and mobile channels.
Financial crime will surely become increasingly prevalent as it grows more sophisticated than ever. But businesses don’t have to accept financial crime. They need to get to know it and minimize it by identifying and understanding their customers. Rule- or profile-based search engines that many
The world can become an increasingly safe place when people who are in charge of real-world safety and cybersafety are equipped with data and analytics. From cyber threat analysis to public safety prediction and response, here are the Safer Planet initiative’s top 10 stories of the year.