Payments Fraud Report 2017: Increased Cyber Threat Faced By Financial Institutions And Their Clients And How That Helps To Create Opportunities For Payments Fraud Schemes - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "The Enemy at the Gates: Payments Fraud is a Symptom" report to their offering.

In a new research report, The Enemy at the Gates: Payments Fraud Is a Symptom, the author discusses the increased cyber threat faced by financial institutions and their clients and how that helps to create opportunities for payments fraud schemes. Payments fraud is a symptom of the broader issue of cybercrime, but it can also be somewhat independently controlled or minimized.

Cybercrime is a global and growing phenomenon tied to a combination of factors that includes the new era of global economic interdependency along with rapidly changing technology, creating opportunities for criminals to find new and often faster ways to defraud businesses of all sizes. Data breaches will inevitably lead to follow-on activities that take advantage of people, holes in processes, and cracks in systems to transfer wealth from legitimate sources to fraudsters across the globe. A range of activities can be undertaken by companies to create better protective cover around organizational data and prevent or limit the damage from payments fraud.

In this report the author reviews the underlying issues around the global fraud threat and their relation to payments fraud and identifies actions that financial institutions and their clients can take to help manage the threat going forward.

Highlights of the report include:

- Reasons for the increased cyber threat and resulting potential economic impact

- A discussion of the extra costs associated with data breaches, going beyond actual financial losses

- Trends in payments fraud and reasons for the recent incidence uptick

- A view of the vendor landscape of technology and services solution providers

- Methods that companies can use to combat payments fraud, including using external partners.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. The Cyber Threat

- Cybercrime and Data Breaches

- Corporate Payments Fraud

4. The Sources of Fraud Activity

- Not Just an External Threat

5. Payments Fraud Types

- Checks

- Wires

- Commercial Cards

- ACH

- Business Email Compromise (BEC)

6. Protecting the Keys to the Kingdom

- Overall Cybersecurity

- Payment Fraud Detection and Prevention

7. Conclusions

Companies Mentioned

- ACI

- BAE Systems

- CSC

- Cisco

- CyberSource

- Experian

- FICO

- FIS

- Fiserv

- Guardian Analytics

- HPE

- IBM

- Intel

- Microsoft

- Verizon

For more information about this report visit http://www.researchandmarkets.com/research/d62pjj/the_enemy_at_the

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: E-Business

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: E-Business