Company: IBM Business Analytics
Category: Operational Risk
Published: 29 September 2016
Both security intrusions and fraud events are on the rise worldwide, driven in large by the “professionalization” of cyber-crime. The extreme sophistication of today’s threats is forcing executives in financial institutions to take note—and puts them under enormous pressure to institute effective countermeasures.
There is growing awareness among corporate leaders that cyber-attacks are the key to the enterprise’s front door: once intruders get inside, they can help themselves to a full range of valuable corporate assets—in other words, perpetrate fraud.
This white paper examines how traditional cyber-crime and fraud prevention techniques fall short, and explains why organisations must develop more sophisticated ways to thwart such attacks.