Category: Cross Channel Fraud Monitoring

Increase Profits - Reduce Losses

A ‘Yin and Yang’ Approach to Growing Topline and Bottom-line

How To Monetize your Anti-Fraud Solution to Make Money for you In Chinese philosophy,   yin and yang (also yin-yang or yin yang, ‘dark-bright’) explains how seemingly opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world. This intriguing idea actually applies perfectly in the context of banking, if we were to see the yin as saving money (from losses) and the yang as making money (from sales)....

RBI’s circular

How can RBI’s latest guidelines help Indian banks combat cybercrime?

Rising cybercrime in India is no secret. According to a report by Symantec, India now ranks 3rd in the world, after the US and China, as a source of malicious activity. In fact the National Crime Records Bureau data reveals that in the three years up to 2013, registered cases of cyber crime were up 350 percent, from 966 to 4356. Dubious distinctions both, and give banks and the...

Crosschannale-fraud-White paper

Redefining starfish banks with use cases

Cross channel scams are the most pervasive form of frauds perpetrated against bank customers. Fraudsters target customer accounts by a number of access points- branches, ATM, cards, online banking or wire transfers. With multiple channels leading to multiple access points, installing adequate combat mechanisms takes a backseat, thus expanding the attack surface. Consumers have been steadily using mobile phones, cards and Internet banking, mainly relying on good...