Internal Fraud Losses Higher Than Reported
January 13, 2011
Total Loss:
Unknown
Aite report proves internal fraud is more damaging than most banks realize. Internal fraud is one of the financial-services industry's most threatening types of fraud. In fact, industry experts rank it as one of the top 9 security threats banks and credit unions will face in 2011. A new report from Aite Group supports that ranking, finding that internal fraud at most banks and credit unions is underreported, if detected at all.
Source:
Bank Info Security
Posted in:
Internal Fraud