9fin’s Post

In financial fraud investigations, leveraging technology to analyze big data is crucial. But it's just one piece of the puzzle. To get the complete picture in a financial fraud investigation, information must come from various sources, including interviews and traditional paper documents. Experienced investigators have to ask the right questions, organize the material, and glean from the essentials to reach conclusions and effectively communicate a story about the results. In other words, there’s more than one way to put the investigative pieces together. Learn more about how FSS can aid your company in an investigation: https://bit.ly/489Fy60 #fraudinvestigations #financialfraud #financialsecurity

We are looking forward to attending the North West Fraud Forum tomorrow. Our team are looking forward to seeing those of you in attendance. If you are attending be sure to stop by our stand to see how our software solutions can help you and your organisation in the fight against fraud. Find out more about our financial investigation solutions: Financial Investigator 🔎 - https://lnkd.in/eKr3qm9R Financial Investigation Toolkit 💼 - https://lnkd.in/er8UZP9w #financialcrime #fraudprevention #fraudinvestigation

With the global annual fraud impact reaching £130bn and businesses being primary targets, understanding the threat landscape is crucial.❗ Our industry experts, Accesspay's CFO Sean Moriarty and Customer Success Director Fiona Brown sat down to discuss common types of financial fraud and the strategies you can implement to safeguard your organisation. 🔒 Want to learn how to build robust defences against evolving fraud tactics? Watch the full webinar on-demand find out more: https://lnkd.in/eXghgvxJ #APPfraud #payments #fraud #webinar

Think you’re having a bad day at work? A finance professional at a global corporation fell victim to a $25 million scam orchestrated by fraudsters who utilized deepfake technology to impersonate the company's chief financial officer during a video conference call 🤢 Read the story on CNN - https://bit.ly/3Uw7ttp These are becoming more common and more believable every day. Now more than ever you need to verify sources and double check before committing to transactions or data sharing. 

How Fraud Departments Can Increase Revenue Fraud departments play a crucial role in protecting and boosting revenue. Here are three key strategies: 1. Strengthen Fraud Data: Utilize real-time alerts to refine fraud detection models, preventing fraudulent transactions while approving legitimate ones. 2. Improve Authorization Rates: Enhance data models to reduce false declines, capturing more legitimate sales and improving customer satisfaction. 3. Reduce Cart Abandonment: Minimize payment declines to decrease cart abandonment, fostering repeat sales and customer loyalty. Collaborative tools, like those from Ethoca, are vital in achieving these goals

The Hidden Cost of Fraud: Impact Beyond the Financial Fraud is not just about financial losses. 💸 It erodes customer trust, damages brand reputation, and increases operating costs. The consequences of fraud can be devastating for businesses of all sizes. It's time to face fraud as a real threat and invest in effective solutions. #costoffraud #reputation #trust

🧑⚖️ DEEPFAKE FINANCIAL FRAUDS: IS IT TIME TO BE CAUTIOUS? 👉👉👉 https://lnkd.in/dHmBNG_2 ✏️ #Deepfake #financialfrauds are on the rise, with criminals using AI-generated synthetic media to impersonate high-profile individuals and scam businesses out of millions. ✔︎ Deepfake financial frauds represent a new and increasingly sophisticated scheme where criminals use #AIgeneratedsyntheticmedia. Once the deepfake is created, it's used to simulate legitimate requests for urgent fund transfers or sensitive financial actions. ✔︎ The number of deepfake incidents is growing. This highlights the pressing need for caution and vigilance. It's clear that the time to be cautious is now, as deepfake financial frauds can have significant financial and reputational consequences for businesses. In this investigative article, we will explore recent cases, strategies to avoid falling victim, and provide practical recommendations for protecting yourself and your business from these sophisticated scams. #tradersunion #makemoney #forextrader #OnlineJobs2024 #OnlineJobs #investor #investing #earnmoney #makemoneyonline

Romance scams affecting individuals have been talked about a lot this week, but did you know they can also pose a risk to your business? Scammers can use these relationships to manipulate employees into divulging sensitive data, leaving your business vulnerable to attack. Strengthen your defences against this by: 🥀Educating employees about fraud 🥀Implementing strict financial controls 🥀Being vigilant of atypical behaviour Find out more in the NatWest article below 👇 https://lnkd.in/d_vWNPmv #RomanceScams #OnlineSafety #StopThinkFraud

At Risk Ready 2024, industry experts will cover a 360-degree discussion over regulations priorities, ways of reducing fraud/ financial crime risk along the customer journey as well as balancing between regulations and innovations. Join the event to equip yourself with the knowledge to overcome fraud and identity challenges. Register here: https://bit.ly/3Rry0Fg LexisNexis Risk Solutions #fintech #event #fraudprevention #identitysecurity

Are you doing everything you can to protect your assets from falling victim to financial fraud? "Fraudsters take advantage of the things we as a society and organizations give them." So says Eleven Canterbury Expert and Accounting Fraud Specialist Paul Dunlop. "Staying one step ahead of them and knowing how to detect fraud by analyzing data is critical.” Click the link to watch Paul's full conversation with Dan Martin and hear how he works to stay that one step ahead: https://lnkd.in/e74iG9hs #frauddetection #fraudprevention #accountingfraud