“Fraud is an ever-present risk and one that is notoriously hard to control. In this virtual seminar we will discuss and evaluate the particular fraud risks currently faced by financial institutions, a continuing major target sector for fraudsters and terrorist financiers.
We will consider the key elements of a fraud data management program together the methodologies to be adopted. We will also introduce the approaches used by those who would do your firm, and society at large, harm and focus on the warning signs that signal the need for more in-depth work and/or a full-blown investigation. Key concerns will be addressed, and the application of risk-rating approaches addressed.
We will consider the application of data mining techniques to fraud risk management, considering what the approach can and perhaps most importantly what it cannot achieve.
Examples and exercises will be used throughout to draw out priority areas for attention and to reinforce learning points. You will get tips on what to look for and how to prepare a risk-based fraud prevention, detection and monitoring program.”