Cyber Fraud

CYBER FRAUD

Organizations are increasingly dependent on technology hence doubling cyber risk over time. While corporate are grappling with threats that affect critical operations and regulatory compliance, the anecdote of events indicates that banks must have the right resources to win cyber war in Africa.

Organization culture, government policies and international cooperation play an important role in managing cyber risk as no single approach fits a particular situation. Financial Institutions must see fraud from the fraudster perspective, understand the complexity of cyber risk to enable implementation and constantly review the cyber risk management framework.

A combination of well trained staff and intelligent solutions that manage cyber risk across the enterprise within a single window can reduce many risks. Part of solution offering include:-

  1. Internal/external fraud
  2. Mobile banking fraud
  3. Online banking fraud
  4. ATM/POS fraud
  5. Accounts payable fraud
  6. Case Manager
  7. Other fraud (Loan, Cheque, Gateway “swift, western union, BACS, local ACH etc” and bank reconciliation)