TOPIC: Employee Issues

Blog – Inside Job: The tactics criminal employees can use to defraud your financial institution

Threat from Within: Employee Fraud
February 25, 2019

The Association of Certified Fraud Examiners (ACFE) reports that employee fraud “is likely the largest and most prevalent threat” faced by organizations today. This “fraud committed against the organization by its own officers, directors, or employees—constitutes an attack against the organization from within, by the very people who were entrusted to protect its assets and resources.”
In this insightful blog post, you will learn five tactics employees may use to commit fraud against their employers, along with an exploration of fraud controls that financial institutions can implement for appropriate monitoring of employees.
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    [Webinar – 1 CAMS Credit] Employee Fraud: Understanding the reputational, financial and compliance risks. Join us April 17.

    April 17 at 12:30 PM - 01:30 PM EST
    Employee Fraud: Understanding the Threat from Within
    1 CAMS CREDIT

    Register now

    Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

    In this CAMS-accredited presentation, you will learn:
    • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
    • Review tactics internal bad actors use to commit fraud against financial institutions
    • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
    Register now

      [Webinar – 1 CAMS Credit] Employee Fraud: Understanding the reputational, financial and compliance risks. Join us April 17

      1 CAMS CREDIT
      April 17 at 12:30 PM - 01:30 PM EST

      Employee Fraud: Understanding the Threat from Within

      The role of monitoring in reducing the reputational and financial risks of internal fraud

      Register now
      Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

      In this CAMS-accredited presentation, you will learn:
      • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
      • Review tactics internal bad actors use to commit fraud against financial institutions
      • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
      Register now