For carriers looking to improve their identity verification ability, one-time passwords and password-free authentication are additional layers that can be added to the multi-factor authentication solutions that they’re likely already using.
SEC enforcement activity generally is trending upward. The agency reported that it filed 434 new enforcement actions in fiscal year 2021, representing a seven percent increase over the prior year.
Creating a culture where bribery, fraud and corruption are anathema depends on the tone that is set by company leadership. That tone needs to be backed up by clear policies that establish accountable guidelines for ethical behavior.
When a group of shareholders file suit against their company’s acquirer, they are faced with counterclaims of fraud and must defend themselves in court.
A 2011 staged pirate attack on a Greek cargo vessel was an outlandish attempt to collect an insurance payment. These extreme fraud claims pose a legitimate threat to marine underwriters.
The biggest cyber weakness, as these authors so adroitly illuminate, is “between the monitor and the chair,” i.e., the human susceptibility to falling for a cyber scam.
The threat of social engineering and bank fraud are likely to continue. Strong risk management remains the best weapon for businesses to avoid getting conned.