FRAUD and CYBER RISK

Cybersecurity has become a new challenge for Treasurers. According to various studies, risk has increased by 40% in 2015. Treasurers in their duty to safeguard the company’s assets are playing a critical role in the management of this risk.

The Committee is currently working on this issue to support its members and will come with practical propositions on this issue shortly

 


How to protect from BEC ? by TRUSTPAIR

Livre blanc Trustpair – Fraude au virement

 

 

Check yourself on avoiding phishing: click here for the test.

 

HOW TREASURERS CAN REACT TO  A CYBER FRAUD by AFP.

2019paymentsguide-fraud-final

PROOFTPOINT analysis of cyber attacks

proofpoint-us-tr-people-report-summer-2018-180904

 

Spear phising report by EUROPOL

report_on_phishing_-_a_law_enforcement_perspective

 

The fake email crisis by VALIMAIL

Research Report_ Email Fraud Landscape, Q2 2018

 

Staying ahead of cybercrime by UK FINANCE

UK FINANCE Staying-ahead-of-cyber-crime

 

2018 Breach Briefing by BEAZLEY

201802-beazley-breach-briefing

 

The ACCENTURE study on Cyber Crime costs in 2017 (Feb.2018)

Accenture-2017CostCybercrime-US-FINAL

 

FRAUD IN A DIGITAL WORLD by KOUNT

Trends and best practices for Digital Goods Merchants

fraud in a digital world by kount

 

Managing Cyber Fraud in Treasury by TREASURY and RISK

TR_Special_Report_23_NOVEMBER-dl

FIS survey on 132 professionals on Payments

FIS 2017-Payments-Study-v5_20Sept_Review2

 

The ECONOMIST & DEUTSCHE BANK research paper on how treasurers are preparing for cyber related risks.

Deutsche Bank2017additionalfinal (2) (1)_0

 

 

For Treasurers, more than 3/4 of threats are coming via email. Read AGARI’s approach to Email threats

conquer-targeted-email-threats-review-agari-enterprise-protect-37780

 

Cyber Fraud, the impact on Treasury by ROYSTON DA COSTA

whitepaper_roystendacosta_en_0

 

Report on DATA Breaches by VERIZON

rp_data-breach-digest-2017-perspective-is-reality_xg_en

FRA_Verizon_17_report_DBIR_2017_Report_en_xg

 

Report on cyber crime Q1 and Q2 2017 from THREATMETRIX  (Sept17)

cybercrime-2017-q2-1502214365

cybercrime-2016-q4-theatmetrix

 

La Centrale d’enregistrement et d’analyse pour la sûreté de l’information (MELANI), publié chaque semester un raport sur les principaux cyberincidents observés en Suisse et sur le plan international.

melani report

MELANI-rapport-semestriel_2_2017

MELANI-semi-annual-report_1_2017

MELANI_semi-annual-report_2019-1

 

 

Explanation of strong authentication on PSD2 by VASCO (April2017)

VASCO Compliance-of-strong-authentication-solutions-with-PSD2

VASCO 2017-ISMG-Faces-of-Fraud-Survey

 

Outstanding document from European Payment Council (March2017)

EPC214-17v1.0 2017 Payment Threats and Fraud Trends Report_1

EPC293-16 v1.0 2016 Payment Threats Trends Report

 

A handbook on setting secure passwords

password_checklist_handbook

 

Report on UK cyber threats by NCA (March17)

The Cyber Threat to UK Business

 

EUROPOL  IOCTA threat report

 

iocta_2019 (1)

 

ENISA report on Threat Lanscape in 2016 (Feb.2017).

ENISA Annual Threat Landscape Report

the main trends in the 2017’s cyberthreat landscape are:
 Complexity of attacks and sophistication of malicious actions in cyberspace continue to increase.
 Threat agent of all types have advanced in obfuscation, that is, hiding their trails.
 Malicious infrastructures continue their transformation towards multipurpose configurable functions including anonymization, encryption and detection evasion.
 Monetization of cybercrime is becoming the main motive of threat agents, in particular cyber-criminals. They take advantage of anonymity offered by the use digital currencies.
 State-sponsored actors are one of the most omnipresent malicious agents in cyberspace. They are a top concern of commercial and governmental defenders.
 Cyber-war is entering dynamically into the cyberspace creating increased concerns to critical infrastructure operators, especially in areas that suffer some sort of cyber crises.
 Skills and capabilities are the main concerns for organisations. The need for related training programmes and educational curricula remains almost unanswered.

WP2017 O.1.2.1 – ENISA Threat Landscape 2017

 

A report on the 2017 cyber fraud predictions from Stroz-Friederg.

2017-Stroz-Friedberg-Cybersecurity-Predictions-Report

 

KPMG’s third report profiling traits and behaviours of fraudsters around the world – “Global profiles of the fraudster” – based on interviews with 750 fraudsters in 81 countries plus KPMG Forensic professionals, revealed:

  • who commits fraud
  • what sorts of fraud they commit
  • how they are caught.

FRA_KPMG_profiles-of-the-fraudster

 

Setting a Cyber Risk management Strategy from AFP and Marsh (Jan.2017)

2015-CTC-Guide_Cybersecurity_rev

 

WEF Cyber resilience

Adv_Cyber_Resilience_Principles-Tools

WEF WORLD RISKS 2018

WEF WORLD RISKS 2018 Report

 

 

How to report a cybercrime ? click here:

 

Companies are more confident of being able to detect and protect themselves from a cybersecurity threat but their plans to recover in the aftermath of one are inadequate, according to a survey by EY (dec.2016)

GISS_2016_Report_Final

PwC The challenge for Treasury (dec.2016)

pwc-cybersecurity-and-payment-fraud-the-challenge-for-treasury

 

HSBC 5 top rules to fight against cybercrime (dec.2016).

hsbc-cybercrime-five-top-rules

 

ACCENTURE survey on cybersecurity from security officers (Nov.2016)

accenture-building-confidence-facing-cybersecurity-conundrum-transcript

 

RIMS Survey on Cyber risk insurance in the US (October 2016)

2016-rims-cyber-survey

 

FIS STUDY ABOUT PAYMENTS and BANK CONNECTIVITY: Reducing complexity and fraud while taking control of your payments

fis-reducing-fraud-while-taking-control-of-your-payments

KPMG report on Cyber Security in Switzerland (sept 2016):

kpmg-clarity-on-cyber-security-2016-en

kpmg-clarity-on-cyber-security-2015-en

KPMG clarity-on-cyber-security-2017-en

 

 

SWIFT’s 4-part series on cyber security features leaders from commercial banks, the cybersecurity industry and SWIFT, discussing the challenges we all face and how participants must work collectively to strengthen security in the industry, and explaining how SWIFT is supporting its community in this effort (July 2016).

and SWIFT initiative for using LEI

swift_pmpg_paper_lei_survey_summary

 

ANZ bank (aug 2016) Treasurer’s guide to protecting from cyber fraud

A CORPORATE TREASURER’S guide for protecting

CYBER CRIME assessment from NCA. July 2016

FRA_Cyber_Crime_Assessment_2016_v1.2

 

TREASURY FRAUD & CONTROLS Survey from STRATEGIC TREASURY & BOTTOMLINE

2018-Treasury Fraud Controls by STRATEGIC TREASUREY and BOTTOMLINE

2016-Treasury-Fraud-Controls-Survey-Report pd

 

 

Key Highlights from the AFP survey on Payments Fraud

2018 payments fraud and control survey from AFP HIGHLIGHTS

2017payments fraud and control surevy from AFP

Key Highlights from 2016 Payments Fraud (1)

 

A sample of a FRAUD policy provided by ACFE

Sample_Fraud_Policy

 

A fraud check up

Fraud_Prev_Checkup_DL

 

The biggest risk concern on 2016 ? Cyber fraud. See the report from WEK supported by ZURICH

The-Global-Risks-Report-2016

global-risks-report-2017(1)

 

FORBES survey on Digital Transformation (feb.2017)

Forbes_Insights_SecOps_Survey

This global study, conducted by the Economist Intelligence Unit (EIU) and sponsored by Palo Alto Networks, sheds light on the ways business leaders are dealing with the increasing volume of threats they face.

The-meaning-of-security-in-the-21st-century1

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