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