9.45 AM-02.45 PM
The ideal atmosphere of fraud – inducing events like widespread unemployment, economic uncertainty, increased mortality & a “new normal” – are in place due to coronavirus outbreak and already triggering malicious activities. Underlying all of this is a fundamental challenge for the financial services industry. Financial institutions are under constant attack by organized crime rings.
Digital channel fraud is fast moving, automated, and perpetrated with sophisticated tech tools designed to bypass traditional fraud controls. For fraud teams, keeping current and sharing information among industry peers has never been more important. In a crisis like these companies and industries must adapt to survive and as new ways of doing business emerge, financial service providers must work even harder to maintain standards and apply best practices whenever possible.
We understand the importance of remaining up-to-date on existing scams, vigilant in identifying new ones, and proactive in anticipating those yet to come and thereby pleased to announce our 3rd annual Fraud Risk & Compliance summit where key issues like cyber threat and protection of whistle blowers , fraud investigation and usage of technologies to stay ahead of fraudsters will be discussed. It is so because we have realized that only collective tenacity, educating one another and sharing best practices can be the only way to mitigate these shared growing fraud risks.
Understanding the cyber threats
In today’s time of data breach incidents target personally identifiable information (PII) about company’s constituents i.e. partners, customers and employees. Other breach targets corporate documents, intellectual property designs and system information like credentials, passwords or digital certificates. Therefore, it is pertinent for corporates and individuals to be aware of possible cyber crimes and actions that can be taken in such cases.
Unravelling the confusion: What is whistleblowing and how can we protect whistle-blowers?
Globally, numerous whistle-blower protection and anti-retaliation laws exist to encourage individuals to bring complaints of wrongdoing to the appropriate authority. Because these protections often apply to the disclosure of fraudulent conduct or government corruption, you must be familiar with the types of disclosures that are protected activities. Those responsible for developing or managing a whistle-blower program can place their organization at risk by not following best practices in this arena.
Understanding your biases in an interview
Interviewing is an important part of a fraud examiner's job. Discovering truth is essential to fair and impartial outcomes. Despite our best intentions, basic human psychological processes can interfere with our objectivity and impartiality without us consciously recognizing it has happened. In most cases, the interview is not materially affected by these psychological processes, but there are occasions where interviewers fail to see obvious contradictions in their beliefs, perceptions, theories and ideas with the available evidence. In these moments, interviewers and other decision makers suffer from cognitive biases that negatively affect a fraud examination. Interviewers who are aware of how cognitive biases can affect the interviewing process are better able to proactively mitigate them, resulting in more objective and impartial fraud examinations.
The power of partnership: Joining forces to fight financial crime
We are living in a period of unparalleled technological, geopolitical and socio-economic change. For the financial services industry, this environment creates a tremendous opportunity to provide faster, safer and more affordable services to larger and more diverse populations – but it also creates risks of financial crimes that are increasingly sophisticated and global in nature. The speed and complexity of these opportunities and risks, paired with the scope and scale of the environmental and social challenges facing the world today, requires thoughtful and collaborative approaches. The ability and willingness to partner across a broad spectrum of stakeholders is emerging as a critical competency and competitive enabler.
Our digital events provide a financially savvy approach to promote your brand, products and services to a right audience. In addition, partnering at one of our conferences is an extraordinary way to reach your audience.
Our databases and directories provide comprehensive, targeted and up-to-date lists of potential clients for your company. They will help to make your sales teams more effective and grow your revenues from new customers.
Our live interactive virtual sessions provide the ideal environment to make new contacts and network with key players in a particular division. They draw high-level audiences from throughout the supply chain with a clear interest in the event's theme.
Our Digital conferences can provide you with a greater understanding of global market trends. This will help you to identify opportunities and pitfalls and enable you to make informed strategic decisions for your business.
Promoting your company allows you several networking opportunities with high profile delegates and speakers. It also gives the sponsoring company an opportunity to penetrate and position itself as an active player in the digital consumer industry.
Superintendent of Police
Cyril Amarchand Mangaldas
Global Head-Business Advocacy & Excellence
TCS BFSI Operations
Head-Internal Audit & Risk Mangement
Tech Mahindra Business Services
Certified Fraud Examiner & Trainer
Head - Fraud Control Unit
Vice President and Head -Fraud Prevention Unit & Claims Investigation
Bajaj Allianz Life Insurance Company
Vice-President – Internal Assurance
Max Life Insurance Company Ltd.
Syed Rashid Ausaf
Vice President & Head-Fraud & Risk Management
Saurav Kumar Mohanty
Senior Lead–Fraud Risk Management
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