Find out more about how Memento Security—Employee Fraud helps you detect and stop employee fraud:
Employee Fraud
More than anyone else, employees and other insiders know how to take advantage of your bank or credit union. Rogue insiders can commit fraud and steal confidential customer information, misuse the General Ledger, and abuse their position by performing unauthorized, fraudulent, or suspicious activities. Protecting your assets and customers from the threats of employee fraud should be a top priority.
Memento Security—Employee Fraud monitors transactions, General Ledger, and other data sources to detect a wide range of suspicious activities. Proactive monitoring and real-time alerting reduces risk by spotting issues before they create major losses. And accurate, flexible detection lets you focus in on real issues, not false positives. By helping you investigate and take fast action, Memento Security—Employee Fraud keeps fraud and errors from turning into major losses and expenses.
Find out more about how Memento Security—Employee Fraud helps protect against:
- Account Takeover & ID Theft—Tellers, call center employees, branch managers, vice presidents and other insiders all have access that enables them to steal money from customers. And often more damaging, they also steal customer account and personal information, selling the data or colluding with external crime rings. Memento Security—Employee Fraud proactively identifies at risk accounts and customers, stopping fraud before it escalates.
- General Ledger Fraud—Find fraud and errors among the millions of transactions against the General Ledger by continuously and proactively monitoring all journal entries. Sophisticated, customizable analytics and business rules minimize false positives while reducing risk, mitigating revenue loss and protecting your institution against accounting irregularities and theft.
- Abuse of Position—Trusted employees and other insiders such as consultants and temporary staff routinely commit policy violations such as self-dealing, incentive fraud and policy overrides that are often the precursor to major fraud cases. Use Memento Security—Employee Fraud to weed out bad employees and identify risky behavior—before major losses.
Protect your bank from internal fraud
By stopping employee fraud faster, Memento Security—Employee Fraud reduces the impact and cost of fraud, discourages further abuses from other employees, lowers risk, and protects your reputation. With Memento Security—Employee Fraud, you can ensure that your bank — and its customers — is protected from this insidious problem.