Date and Time:
August 13, 2020 9:45 am - 2:45 pm
Event Location:
Description
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.
- Gain in-depth awareness of potential risks in your organisation
- Tips to remain vigilant and how the frauds can be detected & prevented.
- It intends to give an opportunity for discussion and exchange of ideas on Fraud detection techniques and its practical application for effective implementation
- Explore the future of technology and the implications of the financial industry
- Assessing current advancements and Patterns of financial crime
- To learn to conduct a fraud examination/ forensic investigation
- Identify the red flags of fraud
- Building an anti-fraud control environment
- Identify the drivers that contribute to fraudulent activity and steps to overcome them.
· CXOs
· Chief Internal Auditors
· Heads of Internal Audit
· Chief security officers
· Heads of Risk Management
· Heads of Legal Department
· Heads of Regulatory Compliance
· Heads of Legal
· In-house Legal Counsel
· Accountants
· Chief Financial Officers
|
· Internal, External Auditors
· Head of Inspection
· Head of Cyber Security
· Chief Information Officers
· Public Policy Makers & Government Officers
· Chief Vigilance Officers
· Head of Enterprise / Operational Risk
· Head of Banking Operations
· Head of Fraud Risk Management
· Chief Information Security Officers
|
- What is cyber-crime?
- Types of cyber-crime;
- Loss of sensitive personal information.
- Define confirmation bias, bounded ethicality, anchoring, sunk-cost bias and the consistency theory
- Assess the impact of motivated blindness and implicit bias in interview settings
- Evaluate how confirmation bias can affect the interviewer
- Explain how the psychological need of maintaining a positive self-image can impact the interview process
- Evaluate the impact of anchoring on interviewers
- Operational Risk Model
- Community Risk Model
- Response to a Critical Incident
- Use of Technology in Fraud Risk Management
- Initiative in Combating Fraud
- Fraud Risk Mitigation Model
Ankoosh Mehta
Hardik Dixit
Senior Lead – Fraud Risk Managment
NPCI
Saurav Kumar Mohanty
Director – Risk Managment
FIS Global