Optimizing Fraud Prevention Through Payments Centralization

if you were able to join our recent webinar, you will know that it isn’t just about the Central Bank of Bangladesh losing $81m earlier this year – the risk of fraud continues to grow. The 2016 Kyriba and ACT survey revealed a 20% increase in the number of companies targeted, while according to PwC’s 2016 Global State of Information Security Survey, businesses saw a 38% increase in detected security incidents in 2015 – and yet still many companies are not putting sufficient prevention measures in place to minimise an attempted attack.

PwC has stated that companies with decentralised payment environments, distributed bank account structures, excessive numbers of bank accounts and complex bank connectivity models are most exposed to cyber security breaches and payment fraud.

Playback the recording to hear more from PwC and Kyriba on how you should be reviewing all payment and bank statement processes and technology to optimise fraud prevention. 

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