Welcome

The Evolution of Payments Fraud: How are firms leveraging cloud in a changing fraud landscape?

Sponsored by Bottomline
Thursday 28 April 2022
Searcys at The Gherkin, 30 St Mary Axe, London, EC3A 8EP

Fraud is becoming ever more complex and innovative. Whether you consider push payments fraud, unauthorised payment fraud, or insider fraud, the methods used by criminals to exploit the shift to digital financial services are becoming more sophisticated while the consequences become more costly.

The impact of unchecked fraud has been shown to be devasting to the financial services sector, impacting long-term reputation, revenues, and customer trust. Also, with the “Great Resignation” still fully in effect, it’s becoming more difficult than ever for firms to find and retain skilled technical and IT fraud prevention employees.

Companies across the financial services sector are looking to cloud infrastructures to increase agility, flexibility, scalability, and security. Firms need to take into account how best to implement cloud infrastructures to navigate and prevent fraud risks, determining what mixture of public cloud, private cloud, or on-premises is best for their organisation. At the same time, these firms need to manage the threat of growing issues such as threat of insider fraud, all within a relatively new remote working environment.

This in-person roundtable with industry peers will focus on the key challenges and opportunities financial services leaders face as they attempt to use and leverage cloud infrastructures in the fight against fraud.


Topics for discussion

• What are the biggest trends and challenges for your organisation as it looks to tackle payments fraud in the year ahead?
  
  
• Is your company currently deploying fraud and risk solutions on-premises, on public, hybrid or on private cloud?
  
  
• What does your organisation see as the main risks of cloud deployment from a fraud perspective?
  
  
• How do the mindset and skills needed to secure cloud environments from fraud differ versus those needed to secure on-premises?
  
  
• Does your firm secure or exclude PII (Personal Identifiable Information) data from its cloud data?
  
  
• Should financial services be more transparent about how they respond to payments fraud and how can they improve in this area?
  
  
• Does hybrid working necessarily entail a growing threat of internal 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