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Norkom and the Fight Against Financial Crime | Print |

 

fraud_image2In this webcast, Norkom’s CEO, Paul Kerley, and Managing Director of Global Solutions, David Dixon (formerly head of fraud containment strategies at the Bank of Montreal), outline the growing threat posed by international financial crime syndicates and the role of technology in preventing its spread.


And the problem is not going away. Latest statistics reveal:

  • UK plastic fraud losses are up 14% in the first six months of 2008 compared to the same period in 2007 (APACS)
  • The number of webpages infected with crimeware has doubled in Q1 2008 compared to the previous quarter (Anti-Phishing Working Group)
  • 15 million Americans were victims of ID theft in 2005 to 2006

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    “Financial crime is a serious threat, not only to the banks’ bottom line, but to consumer confidence in the entire banking system, “says Paul Kerley.  “We have evidence that financial crime losses can be reduced by 70% with diligent fraud and AML prevention procedures, underpinned by globally applied technology.”

     

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