Welcome

Acting up: What are Banks doing to mitigate the risk of insider fraud?

Sponsored by Bottomline
Thursday 9th February, 18:00
City Social, Tower 42, 25 Old Broad St, London EC2N 1HQ

Fraud is reaching unprecedented levels. Earlier this year, UK Finance revealed that British banking customers lost a staggering £1.3 billion in 2021, warning that the nation is experiencing an 'epidemic of fraud' with collaborative action required to regain control.

The financial services industry is particularly at risk, with employees at multiple levels handling sensitive customer information on a daily basis. And with the shift to hybrid working, FSIs cannot ignore the rising risks of Insider fraud.

To tackle these challenges, many FSIs are monitoring their employees increasingly closely, which means they need to navigate the fine line between preventing fraud and spying on their workers.

In this roundtable discussion, senior leaders will discuss the results of a new survey published by Bottomline and FStech, which explores the industry challenges and methods FSIs are rolling out to stop insider fraud in its tracks. The discussion will present an insider view on the key obstacles and opportunities for organisations in dealing with the rising tide of fraud.

Topics for discussion:

• What are the key challenges for FSIs in detecting and monitoring insider fraud risk?

• How has the risk landscape for internal fraud changed in the past year, and what new methods of concealing fraudulent activities are banks seeing?

• How has the shift to the cloud changed the way companies monitor fraud?

• What are the key challenges for FSIs in producing sufficient evidence to investigate potential insider fraud?

• How has a move towards hybrid working changed the approach needed to tackle insider fraud

Timings for the evening:
18:00 – 18:30            Welcome and refreshments
18:30 – 20:00            Introduction to fellow guests and roundtable discussion
20:00 – onwards       Complimentary three-course dinner and drinks 

Brought to you by FStech