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April 7, 2004 Combating Fraud In Financial Servicesby Penny Gillespie, Michael Rasmussen with Jonathan Penn, Jan Sundgren, Natalie Lambert |
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This is an excerpt
Executive Summary
With the expanded Internet and the increase of online financial transactions, financial services companies have become more vulnerable to fraud. In 2003, 56% of all identity theft fraud was bank-related. As online transaction capabilities expand, so do the cleverness and capabilities of criminals, making it imperative that financial institutions remain on top of criminal techniques and remedies. Fraud execution takes many shapes and forms, and as criminals become more sophisticated, external risks will become as much of a threat as internal ones. Reducing exposure to fraud requires the use of innovative technologies and improved internal processes.
TABLE OF CONTENTS
- IT-Related Fraud Risk
- Common Causes Of Fraud In Financial Services
- How To Combat Fraud
RECOMMENDATIONS
- Enterprise Strategies For Combating Fraud
- Related Research Documents
This is an excerpt
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