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
Although financial criminals exploit a wide range of channels in their attempts to defraud banks, check deposit fraud takes a notable toll on financial institutions. But even this type of fraud is only one of several particularly acute threats to customers’ accounts. For example, banks must also
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.
Banks need a good strategy to keep from being blitzed by money laundering. Banking analytics can give financial institutions the offensive strength to put money laundering on the run—and keep it that way.
As criminals adopt increasingly sophisticated approaches to fraud across all industries, counterfraud solutions must rise to meet the challenge. Attend IBM Insight to discover how you can protect your business by implementing advanced analytics and predictive analytics solutions.
With the increasing sophistication of fraud attacks, businesses that don’t take fraud seriously do so at their peril. Adopting four best practices can help organizations combat cyber attacks and protect their assets.
The safety of personally identifiable information (PII) is becoming more precarious as criminals find ways to profit from scams. However, insurance agencies are fighting back by using big data more effectively to uncover nefarious schemes.
The IBM i2 Summit for a Safer Planet illuminated how fraud and crime in the financial sector are highly profitable and very damaging to the industry. Organizations facing the challenges of staying one step ahead of perpetrators can apply an advanced solution that places layers of analytics across
When combating smart criminals, smart analytics is one tool that the financial sector can’t afford to ignore. Not only by avoiding the direct effects of fraud but by avoiding regulatory costs, context-based computing can help banks evaluate the legitimacy of entities and identify their connections