Cyber crime is no longer a mere nuisance but is quickly becoming a huge problem. Just recently, a cyber criminal was charged with wire fraud and computer fraud as he tried to steal more than $1.5 million. Cyber criminals are becoming increasingly more brazen as they exploit vulnerabilities in new
How does blockchain and cognitive computing affect fraud? Listen to the latest Finance in Focus podcast featuring Alex Tapscott, a blockchain expert and coauthor of a best selling book on the topic, who discusses how these technologies have the potential to eliminate fraud.
For the financial services industry, the presence of cybersecurity vulnerabilities and an uptick in fraud seem to beg the proverbial chicken-and-egg question: which begets the other? Hear what noted security experts have to say about this and other key questions in this recent podcast.
According to a 2015 survey of 500 banking and finance executives, cybersecurity and fraud top the agendas of 80 percent of institutions—yet only 56 percent of executives believe that their own organizations have a handle on fraud threats. Counter fraud experts Wilson Davis and David Dixon, authors
Claims fraud is a serious issue for insurance companies. Estimates are 10%-20% of claims are fraudulent. That costs the companies major money, and in turn, it causes costs to rise for consumers. Kim Minor, insurance industry marketing manager at IBM, explains how leading insurance companies are