Insider fraud poses an increasing threat to financial institutions as economic pressures, hybrid working models, and advancing digital systems create new vulnerabilities. This FStech webinar, led by Ruud Grotens, Head of Fraud & Financial Crime Solution Consulting at Bottomline, explores these challenges and highlights effective mitigation strategies.

Drawing on findings from a global survey conducted by FStech and Bottomline, the session examines the alarming rise in insider fraud, with incidents increasing by 14 per cent year-on-year. Viewers will gain insight into the most prevalent forms of insider fraud, such as data theft and policy violations, and learn about the difficulties financial institutions face in gathering evidence and managing risks that often overlap with external fraud.

The discussion focuses on proactive approaches to detecting and preventing fraud, including the use of real-time monitoring, behavioural analytics, and employee training programmes. It also addresses how institutions can balance privacy concerns with robust security measures and adapt to new regulatory requirements, such as the UK’s upcoming “Failure to Prevent Fraud” legislation.

This session provides valuable insights and practical solutions to help financial institutions mitigate insider fraud risks, protect customer trust, and maintain compliance in an increasingly complex threat landscape.