Training

Fraud Management & Cybercrime

Fraud Detection & Prevention Strategies for Financial Institutions: Emerging Technologies & Insights

Fraud Detection & Prevention Strategies for Financial Institutions: Emerging Technologies & Insights
Third in a Series of New Roundtable Events Showcasing Emerging Technologies...
  • Hear about the top fraud threats facing financial institutions - from inside and out -- including examples such as the Heartland Payment Systems breach;

  • Learn best-practices for detecting suspicious behavior and high-risk activities;

  • Discuss strategies for defending against fraudsters without negatively impacting your systems or the customer experience.

The recent Heartland Payment Systems data breach exposed hundreds of banking institutions and thousands of customers to potential credit and debit card fraud. But Heartland is only one example of the many fraud risks that threaten institutions from the inside and out.

Background

The Heartland Payment Systems data breach so far has been the biggest story of the year.

Hundreds of banking institutions and thousands of their customers were exposed to potential credit/debit card fraud when the payment processor's information systems were hacked in 2008. No one knows the full extent of the damage yet, but we do know that the Heartland breach represents only one type of fraud threat to institutions and consumers.

Across the globe, online criminals and rogue insiders have focused their funds, time and resources to perpetrate fraud - and they're getting very good at it! The result has been a dramatic increase in online fraud that specifically targets banking institutions and their customers. Every data breach or costly identity-theft case reported in the media erodes the public's confidence in the security of online financial transactions. This loss of confidence could jeopardize the ability of organizations to conduct transactions online. And for an industry such as banking, which is built on trust, the loss of confidence could endanger the very institutions.

Beyond the emerging threats are new, global regulations such as the U.S.-based FFIEC and FACTA Red Flags, the UK-based Faster Payments Initiative, Europe's SEPA directives and others - all focused on providing specific guidelines in response to online fraud.

While the intent of online security is clear - to better protect individuals and businesses from online crime - the implementation details are often far from transparent. And today, many organizations around the globe struggle with the question, "Where should we begin?" Importantly, these same organizations are concerned with the next critical question as well: "What do we do next?"

In this webinar, hear the latest market research on fraud threats against banking institutions, as well as expert insight on strategies and solutions these institutions are deploying. Register now to learn:

  • The top fraud threats facing financial institutions and their end users, including examples such as Heartland Payment Systems;

  • Best practices for detecting suspicious behavior and high-risk activities;

  • Strategies for defending against fraudsters without invasive back-end integration or unnecessary disruption of the customer experience.

Webinar Registration

This webinar is available OnDemand.

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