CIOLOOK comes up with its edition of Top 10 Leading Fraud Detection and Prevention Solution Providers. Featuring it’s Cover Story is – Kaspersky is to save the world. Kaspersky is a global cybersecurity company founded in 1997 with its roots in antivirus solutions. Its mission is simple: to build a safer world.
Lessons v on fraud awareness (digital forensics) [autosaved]Kolluru N Rao
Digital forensics is the scientific process of analyzing digital evidence from computers, mobile devices, and other electronic storage mediums. It involves securely acquiring and preserving digital evidence, extracting and analyzing relevant information, and documenting the process to present findings in a court of law. The key stages of digital forensics are identification, collection, analysis, interpretation, documentation and presentation of digital evidence. There are several branches of digital forensics including network forensics, firewall forensics, database forensics, mobile device forensics, and email forensics. Maintaining a proper chain of custody is also important to ensure digital evidence remains untampered and admissible in court.
C-Suite Snacks Webinar Series : Under Attack - Preparing Your Company in the ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
It’s no secret that companies around the world are under attack. Prior to COVID-19, breach rates were on the rise, but now hackers have only become more aggressive in their attempt to steal or hijack your data to try to extort money and do irreparable harm to your company’s reputation.
In this C-Suite Snacks webinar, we covered how to combat these attacks by understanding the risks and preparing to respond.
Key Takeaways:
- An overview of the latest breach statistics and trends
- Knowledge on the methods hackers are using to infiltrate organizations
- Methods to prepare your organization for attack and response
New York Cybersecurity Requirements for Financial Services CompaniesCitrin Cooperman
Is Your Strategy in Place to Meet the NYS DFS Regulation?
Understanding New York State’s required cybersecurity policies and procedures, how these new regulations apply to you, and what you need to do to become compliant can all be confusing and overwhelming. To help you through this process, Citrin Cooperman and Walker Wilcox Matousek, LLP hosted an informational webinar to walk you through the complexities of this new regulation.
Key questions that were answered, include:
What’s required under the new regulation?
Does this new regulation apply to you?
How will you comply with this new regulation?
What are the consequences of not complying?
TRU Snacks Webinar Series - Navigating Cybersecurity Risk in the Age of COVID-19Citrin Cooperman
Sign up for our weekly TRU Snacks webinars here: https://www.citrincooperman.com/infocus/tru-snacks-webinar-series
Our TRU Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information from Citrin Cooperman’s Transition Response Unit (TRU) live every Thursday at noon.
In this TRU Snacks Webinar session, Technology, Risk Advisory, and Cybersecurity (TRAC) Partner Michael Camacho reviewed strategies to help combat the relentless attempts by hackers to infiltrate your business during these uncertain times.
The document discusses how cybersecurity risks have become a major topic of discussion at high levels of organizations due to a combination of forces over the past decade. Sophisticated attackers now outpace security controls, and data breach disclosure laws have led to extensive media coverage of cyber attacks. This has increased pressure on boards of directors to oversee cybersecurity risks. Several case studies of large companies that suffered data breaches like Sony, Target, and TJX are presented to show how cyber attacks can significantly impact businesses but typically do not cause their downfall.
A Hacker's Playground - Cyber Risks During COVID-19Citrin Cooperman
This document summarizes a presentation given by Citrin Cooperman on cyber risks during COVID-19. It discusses how the pandemic has created new vulnerabilities like increased phishing attacks and risks from remote work. Statistics on breaches are presented showing rising costs and records compromised. Examples of recent hacking incidents the company responded to are shared. The presentation demonstrates common hacking techniques like password cracking and ransomware. It concludes by advising organizations to understand their cyber risk profile, take a proactive approach to security, verify third party protections, and educate employees on compliance and cyber threats. Contact information is provided for the cybersecurity practice at Citrin Cooperman.
Not-For-Profit Cybersecurity and Privacy Disrupters During COVID-19Citrin Cooperman
To help not-for-profit entities protect their information during these unprecedented times, this webinar will cover challenges organizations face in preventing, detecting, and responding to cybersecurity-related activities. We discussed recent cyber breaches within not-for-profit organizations and considerations and actions you can take.
Lessons v on fraud awareness (digital forensics) [autosaved]Kolluru N Rao
Digital forensics is the scientific process of analyzing digital evidence from computers, mobile devices, and other electronic storage mediums. It involves securely acquiring and preserving digital evidence, extracting and analyzing relevant information, and documenting the process to present findings in a court of law. The key stages of digital forensics are identification, collection, analysis, interpretation, documentation and presentation of digital evidence. There are several branches of digital forensics including network forensics, firewall forensics, database forensics, mobile device forensics, and email forensics. Maintaining a proper chain of custody is also important to ensure digital evidence remains untampered and admissible in court.
C-Suite Snacks Webinar Series : Under Attack - Preparing Your Company in the ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
It’s no secret that companies around the world are under attack. Prior to COVID-19, breach rates were on the rise, but now hackers have only become more aggressive in their attempt to steal or hijack your data to try to extort money and do irreparable harm to your company’s reputation.
In this C-Suite Snacks webinar, we covered how to combat these attacks by understanding the risks and preparing to respond.
Key Takeaways:
- An overview of the latest breach statistics and trends
- Knowledge on the methods hackers are using to infiltrate organizations
- Methods to prepare your organization for attack and response
New York Cybersecurity Requirements for Financial Services CompaniesCitrin Cooperman
Is Your Strategy in Place to Meet the NYS DFS Regulation?
Understanding New York State’s required cybersecurity policies and procedures, how these new regulations apply to you, and what you need to do to become compliant can all be confusing and overwhelming. To help you through this process, Citrin Cooperman and Walker Wilcox Matousek, LLP hosted an informational webinar to walk you through the complexities of this new regulation.
Key questions that were answered, include:
What’s required under the new regulation?
Does this new regulation apply to you?
How will you comply with this new regulation?
What are the consequences of not complying?
TRU Snacks Webinar Series - Navigating Cybersecurity Risk in the Age of COVID-19Citrin Cooperman
Sign up for our weekly TRU Snacks webinars here: https://www.citrincooperman.com/infocus/tru-snacks-webinar-series
Our TRU Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information from Citrin Cooperman’s Transition Response Unit (TRU) live every Thursday at noon.
In this TRU Snacks Webinar session, Technology, Risk Advisory, and Cybersecurity (TRAC) Partner Michael Camacho reviewed strategies to help combat the relentless attempts by hackers to infiltrate your business during these uncertain times.
The document discusses how cybersecurity risks have become a major topic of discussion at high levels of organizations due to a combination of forces over the past decade. Sophisticated attackers now outpace security controls, and data breach disclosure laws have led to extensive media coverage of cyber attacks. This has increased pressure on boards of directors to oversee cybersecurity risks. Several case studies of large companies that suffered data breaches like Sony, Target, and TJX are presented to show how cyber attacks can significantly impact businesses but typically do not cause their downfall.
A Hacker's Playground - Cyber Risks During COVID-19Citrin Cooperman
This document summarizes a presentation given by Citrin Cooperman on cyber risks during COVID-19. It discusses how the pandemic has created new vulnerabilities like increased phishing attacks and risks from remote work. Statistics on breaches are presented showing rising costs and records compromised. Examples of recent hacking incidents the company responded to are shared. The presentation demonstrates common hacking techniques like password cracking and ransomware. It concludes by advising organizations to understand their cyber risk profile, take a proactive approach to security, verify third party protections, and educate employees on compliance and cyber threats. Contact information is provided for the cybersecurity practice at Citrin Cooperman.
Not-For-Profit Cybersecurity and Privacy Disrupters During COVID-19Citrin Cooperman
To help not-for-profit entities protect their information during these unprecedented times, this webinar will cover challenges organizations face in preventing, detecting, and responding to cybersecurity-related activities. We discussed recent cyber breaches within not-for-profit organizations and considerations and actions you can take.
Although Sony seemed to dominate the cyber-security headlines of 2014, it was just one of many corporations infiltrated by an increasingly sophisticated and driven pool of hackers. J.P. Morgan Chase, Home Depot, and Target also top the list of businesses struggling with data breaches.
The most recent major cyberattack against Anthem Healthcare shook the insurance industry. In a rare show of honesty, the insurer began alerting customers and the media to the potential of a data break just eight days after it first noted suspicious activity on Jan. 27, 2015.
Immediately upon discovering it had been attacked, Anthem jumped to address the security vulnerability, contacted the FBI, and hired leading cyber-security firm Mandiant to evaluate its systems, said president and CEO Joseph Swedish in a statement.
Noting the importance of protecting financial institutions, New York's Department of Financial Services responded to the Anthem breach by announcing its intent to integrate regular assessments of cyber-security preparedness at insurance companies as part of its examination process. It will also enforce "enhanced regulations" on insurers based in New York.
"Recent cyber security breaches should serve as a stern wake up call for insurers and other financial institutions to strengthen their cyber defenses," said Benjamin M. Lawsky, New York State's superintendent of financial services, in a statement. He continued, "Regulators and private sector companies must both redouble their efforts and move aggressively to help safeguard this consumer data.“
Most people might expect that larger insurers, given the sensitive customer information they handle, would boast robust cyber-security programs. This is not necessarily true.
As part of its investigation, the Department found that 95% of insurers already think they have sufficient staff for information security, and just 14% of CEOs receive monthly briefings on data security. Anthem, the nation's second-largest health insurer, had not even encrypted its database containing nonmedical data. It claims that the HIPAA did not require it to do so.
While experts believe that Anthem was exclusively targeted in its attack, there is no doubt that all financial institutions are at risk. Here are eight things to know as the industry enters a year of increasingly heightened cyber-vulnerability.
NFP Speak: COVID-19 Webinar Series - Part 3 - IT & Cybersecurity Risk AwarenessCitrin Cooperman
The document summarizes an upcoming webinar on information technology and cybersecurity risks for non-profits working remotely during the COVID-19 pandemic. The webinar will discuss best practices for remote work, infrastructure to support remote work, cybersecurity considerations, and have a question and answer session. It provides details on the moderator and speakers and encourages participation in a COVID-19 impact survey.
Fraud and Security in Uncharted Territory: Considerations in the Age of COVID-19Citrin Cooperman
This document discusses considerations around fraud, security, and legal risks in the age of COVID-19. It outlines an agenda covering financial fraud risks, IT and cybersecurity risks, and legal considerations when employees are working remotely. Some key risks discussed include increased opportunities for fraud due to remote work, supply chain attacks targeting third-party vendors, ensuring proper regulatory compliance, and oversight of management during the crisis. The document recommends forming a COVID-19 response committee and increased board involvement to monitor risks and provide oversight of the company during this time.
Cybersecurity has escalated to a major board-level concern and corporate governance issue. Boards of directors now play an important oversight role in ensuring organizations have adequate cybersecurity measures, response plans, and roadmaps to address growing threats. Management is responsible for executing specific security steps, while the board provides advisory and monitoring functions. These include assessing security readiness, stress testing response plans, conducting independent reviews, and establishing long-term strategies. With continued board guidance, organizations can better mitigate risks and adapt to changing cyber threats.
This document is a presentation on the increasing threat of cybercrime. It discusses the evolution of computers and some of the world's largest data breaches. It identifies key cybersecurity threats for 2013/2014, including the widespread use of new platforms like mobile devices and cloud computing, increasingly available exploit kits, and more sophisticated targeted attacks. The presentation concludes by profiling some infamous computer hackers and opening the floor for questions.
Webinar: Be Cyber Smart – Stories from the TrenchesWithum
This document summarizes a presentation titled "Be Cyber Smart: Stories from the Trenches" which discusses cybersecurity best practices and lessons learned from cyber attacks. The presentation was given by cybersecurity experts from Withum and Axos Bank and covered topics like business email compromise, social engineering, and case studies of actual cyber attacks. It stresses the importance of having security protocols and awareness training, as any company can be a target regardless of industry. The goal is to help organizations assess their security posture and prioritize improving their defenses.
Cyber Risk Management in the New Digitalisation Age - Mitigating Risk with Cy...Netpluz Asia Pte Ltd
This document discusses cyber insurance and common misconceptions about cyber risk. It provides statistics about Chubb's global cyber practice and the types of cyber incidents experienced by companies. The average costs of responding to cyber events are shown by expense category. Case studies demonstrate how Chubb assists clients that experience ransomware attacks, data breaches, and other cyber incidents. Coverage includes incident response costs, data recovery, business interruption, and liability protection. The role of cyber insurance is to provide an expert response and help minimize impacts of cyber attacks.
The Security Director's Practical Guide to Cyber SecurityKevin Duffey
This document outlines an agenda for a cyber security director's workshop hosted by Cyber Rescue from November 30th to December 1st 2016. The workshop will cover what CEOs need from security directors to protect against cyber threats, how directors can identify vulnerabilities missed by IT, cyber insurance, responding to attacks, and leading recovery efforts. It introduces the facilitators, Barrie Millett and Kevin Duffey, and their experience in security, crisis response, and digital transformation risks. The typical roles and responsibilities of a security director are defined. The workshop aims to help directors support CEOs in leading through a cyber attack and managing relationships during response and recovery.
“Cyber Liability & Cyber Insurance” - A discussion on best practices around Prevention, Detection, and Response!
Sponsored by Datto and Webster Bank
Series brought to you by the Connecticut Technology Council.
____________
TOPIC FOCUS:
1. Evolution and acceptance of Cybersecurity insurance
a. Understanding risk & effect on businesses
i. Used to be major brands, now widespread.
ii. Risk recognized, business leaders looking to minimize risk
b. Describing changes in cybersecurity insurance
How coverages have evolved - not just for biggest companies
i. Insurers are working with (tech) companies to get it right
ii. Where is it going from here? Trends, specialty insurance
2. Describe insurance types/ specifics and how they perform when needed
. Not all policies are the same
a. What to look for
b. How they vary by type of business (Healthcare vs. Retail vs. Software Co.)
c. What gaps still remain (What can’t get covered?)
3. How to minimize cost, get most value for your company
. Some protections on your current policies
a. Gating elements - What the insurance companies want to see - how that might help costs
4. Best practices generally
This document discusses the growing threat of cyber attacks faced by UK businesses and outlines steps businesses can take to improve their cyber security posture. It finds that many UK companies lack confidence in their cyber security policies and abilities to protect against attacks. Cyber attacks can have significant negative financial and reputational impacts on businesses. The document recommends that businesses improve basic security procedures, understand the risks they face, and create a culture where cyber security is a priority for all employees through education and enforcement of security best practices. Taking proactive steps in these areas can help businesses better protect themselves against cyber threats now and in the future.
Navigating COVID's Impact on the Financial Services IndustryCitrin Cooperman
Citrin Cooperman professionals joined InfraGard for a webinar, “Navigating COVID's Impact on the Financial Services Industry and Lessons Learned/Actions Your Company Can Take From Their Experiences: Lessons Learned and Actions Your Company Can Take From Their Experiences."
The document discusses the growing security challenges faced by organizations and the need to close the gap between security (SecOps) and IT operations teams. It notes that the volume and complexity of cyberattacks have increased significantly. However, current security tools, processes, and teams are often unable to keep up due to a lack of integration and coordination between security and operations groups. This results in security vulnerabilities not being addressed quickly enough, leading to potential data breaches and other security incidents. The document argues that automating security and operations workflows can help eliminate inefficiencies and prioritize the remediation of the most critical issues.
This document discusses the evolving cyber threat landscape and increasing cyber risks that organizations face. It notes that cyber attacks are becoming more frequent, sophisticated, and targeted. The document outlines several recent major cyber attacks including data breaches at Sony, Target, and Ashley Madison, as well as ransomware attacks and hacking incidents. It emphasizes that organizations need to adopt a proactive, intelligence-led approach to cyber security that includes red team exercises, assuming breaches will occur, and deploying security intelligence systems to detect threats early. The key is understanding adversaries and their tactics in order to adapt defenses accordingly.
Cost of Cybercrime Study in Financial Services: 2019 Reportaccenture
Now in its 9th year, this new Accenture presentation explores the impact associated with cybercrime, quantifying the cost of cyberattacks and analyzing trends in malicious activities in the financial services industry. And this year for the first time, we look to the future so that financial services organizations can better target their funds and resources and open up new revenue opportunities to unlock economic value.
Understanding the Impact of Today's Security Breaches: The 2017 Ponemon Cost ...IBM Security
Understand the impact of today's security breaches by attending our June 26th webinar which will discuss the 2017 Ponemon Cost of a Data Breach study.
Join Ponemon Institute and IBM Security Services on June 26th for a webinar discussing the impact of today’s security breaches based on the latest release of the 2017 Cost of Data Breach Study.
Register for IBM Security Services Webinar highlighting Ponemon Institute 2017 Cost of Data Breach Study The 12th annual Cost of Data Breach Study conducted by Ponemon Institute and sponsored by IBM Security Services calculates the real costs, implications and probabilities of security breaches faced by global organizations.
This webinar will present global findings highlighting trends across 11 countries and 2 regions. Attendees will have access to industry experts for live Q/A and will walk away with key insights, cost reducing strategies, investments and proactive best practices to reduce impact to their businesses in preparation for the next breach.
Join IBM Security Services and Larry Ponemon, founder of the Ponemon Institute, as he walks through the results and methodology of the 2017 Cost of Data Breach Study.
DERMALOG Identification Systems GmbH is a leading provider of biometric identification solutions such as fingerprint and facial recognition systems. Headquartered in Germany, DERMALOG has implemented large-scale biometric systems in over 80 countries, including a fingerprint identification system for 23 Nigerian banks that has registered over 32 million customers. DERMALOG's biometric technologies and solutions span various sectors including banking, border control, law enforcement, and issuing secure identity documents.
Insights Success brings you the experience, knowledge, and expertise of such authentication companies in its new edition of “The 10 Most Reliable Authentication Solution Providers, 2021.”
Although Sony seemed to dominate the cyber-security headlines of 2014, it was just one of many corporations infiltrated by an increasingly sophisticated and driven pool of hackers. J.P. Morgan Chase, Home Depot, and Target also top the list of businesses struggling with data breaches.
The most recent major cyberattack against Anthem Healthcare shook the insurance industry. In a rare show of honesty, the insurer began alerting customers and the media to the potential of a data break just eight days after it first noted suspicious activity on Jan. 27, 2015.
Immediately upon discovering it had been attacked, Anthem jumped to address the security vulnerability, contacted the FBI, and hired leading cyber-security firm Mandiant to evaluate its systems, said president and CEO Joseph Swedish in a statement.
Noting the importance of protecting financial institutions, New York's Department of Financial Services responded to the Anthem breach by announcing its intent to integrate regular assessments of cyber-security preparedness at insurance companies as part of its examination process. It will also enforce "enhanced regulations" on insurers based in New York.
"Recent cyber security breaches should serve as a stern wake up call for insurers and other financial institutions to strengthen their cyber defenses," said Benjamin M. Lawsky, New York State's superintendent of financial services, in a statement. He continued, "Regulators and private sector companies must both redouble their efforts and move aggressively to help safeguard this consumer data.“
Most people might expect that larger insurers, given the sensitive customer information they handle, would boast robust cyber-security programs. This is not necessarily true.
As part of its investigation, the Department found that 95% of insurers already think they have sufficient staff for information security, and just 14% of CEOs receive monthly briefings on data security. Anthem, the nation's second-largest health insurer, had not even encrypted its database containing nonmedical data. It claims that the HIPAA did not require it to do so.
While experts believe that Anthem was exclusively targeted in its attack, there is no doubt that all financial institutions are at risk. Here are eight things to know as the industry enters a year of increasingly heightened cyber-vulnerability.
NFP Speak: COVID-19 Webinar Series - Part 3 - IT & Cybersecurity Risk AwarenessCitrin Cooperman
The document summarizes an upcoming webinar on information technology and cybersecurity risks for non-profits working remotely during the COVID-19 pandemic. The webinar will discuss best practices for remote work, infrastructure to support remote work, cybersecurity considerations, and have a question and answer session. It provides details on the moderator and speakers and encourages participation in a COVID-19 impact survey.
Fraud and Security in Uncharted Territory: Considerations in the Age of COVID-19Citrin Cooperman
This document discusses considerations around fraud, security, and legal risks in the age of COVID-19. It outlines an agenda covering financial fraud risks, IT and cybersecurity risks, and legal considerations when employees are working remotely. Some key risks discussed include increased opportunities for fraud due to remote work, supply chain attacks targeting third-party vendors, ensuring proper regulatory compliance, and oversight of management during the crisis. The document recommends forming a COVID-19 response committee and increased board involvement to monitor risks and provide oversight of the company during this time.
Cybersecurity has escalated to a major board-level concern and corporate governance issue. Boards of directors now play an important oversight role in ensuring organizations have adequate cybersecurity measures, response plans, and roadmaps to address growing threats. Management is responsible for executing specific security steps, while the board provides advisory and monitoring functions. These include assessing security readiness, stress testing response plans, conducting independent reviews, and establishing long-term strategies. With continued board guidance, organizations can better mitigate risks and adapt to changing cyber threats.
This document is a presentation on the increasing threat of cybercrime. It discusses the evolution of computers and some of the world's largest data breaches. It identifies key cybersecurity threats for 2013/2014, including the widespread use of new platforms like mobile devices and cloud computing, increasingly available exploit kits, and more sophisticated targeted attacks. The presentation concludes by profiling some infamous computer hackers and opening the floor for questions.
Webinar: Be Cyber Smart – Stories from the TrenchesWithum
This document summarizes a presentation titled "Be Cyber Smart: Stories from the Trenches" which discusses cybersecurity best practices and lessons learned from cyber attacks. The presentation was given by cybersecurity experts from Withum and Axos Bank and covered topics like business email compromise, social engineering, and case studies of actual cyber attacks. It stresses the importance of having security protocols and awareness training, as any company can be a target regardless of industry. The goal is to help organizations assess their security posture and prioritize improving their defenses.
Cyber Risk Management in the New Digitalisation Age - Mitigating Risk with Cy...Netpluz Asia Pte Ltd
This document discusses cyber insurance and common misconceptions about cyber risk. It provides statistics about Chubb's global cyber practice and the types of cyber incidents experienced by companies. The average costs of responding to cyber events are shown by expense category. Case studies demonstrate how Chubb assists clients that experience ransomware attacks, data breaches, and other cyber incidents. Coverage includes incident response costs, data recovery, business interruption, and liability protection. The role of cyber insurance is to provide an expert response and help minimize impacts of cyber attacks.
The Security Director's Practical Guide to Cyber SecurityKevin Duffey
This document outlines an agenda for a cyber security director's workshop hosted by Cyber Rescue from November 30th to December 1st 2016. The workshop will cover what CEOs need from security directors to protect against cyber threats, how directors can identify vulnerabilities missed by IT, cyber insurance, responding to attacks, and leading recovery efforts. It introduces the facilitators, Barrie Millett and Kevin Duffey, and their experience in security, crisis response, and digital transformation risks. The typical roles and responsibilities of a security director are defined. The workshop aims to help directors support CEOs in leading through a cyber attack and managing relationships during response and recovery.
“Cyber Liability & Cyber Insurance” - A discussion on best practices around Prevention, Detection, and Response!
Sponsored by Datto and Webster Bank
Series brought to you by the Connecticut Technology Council.
____________
TOPIC FOCUS:
1. Evolution and acceptance of Cybersecurity insurance
a. Understanding risk & effect on businesses
i. Used to be major brands, now widespread.
ii. Risk recognized, business leaders looking to minimize risk
b. Describing changes in cybersecurity insurance
How coverages have evolved - not just for biggest companies
i. Insurers are working with (tech) companies to get it right
ii. Where is it going from here? Trends, specialty insurance
2. Describe insurance types/ specifics and how they perform when needed
. Not all policies are the same
a. What to look for
b. How they vary by type of business (Healthcare vs. Retail vs. Software Co.)
c. What gaps still remain (What can’t get covered?)
3. How to minimize cost, get most value for your company
. Some protections on your current policies
a. Gating elements - What the insurance companies want to see - how that might help costs
4. Best practices generally
This document discusses the growing threat of cyber attacks faced by UK businesses and outlines steps businesses can take to improve their cyber security posture. It finds that many UK companies lack confidence in their cyber security policies and abilities to protect against attacks. Cyber attacks can have significant negative financial and reputational impacts on businesses. The document recommends that businesses improve basic security procedures, understand the risks they face, and create a culture where cyber security is a priority for all employees through education and enforcement of security best practices. Taking proactive steps in these areas can help businesses better protect themselves against cyber threats now and in the future.
Navigating COVID's Impact on the Financial Services IndustryCitrin Cooperman
Citrin Cooperman professionals joined InfraGard for a webinar, “Navigating COVID's Impact on the Financial Services Industry and Lessons Learned/Actions Your Company Can Take From Their Experiences: Lessons Learned and Actions Your Company Can Take From Their Experiences."
The document discusses the growing security challenges faced by organizations and the need to close the gap between security (SecOps) and IT operations teams. It notes that the volume and complexity of cyberattacks have increased significantly. However, current security tools, processes, and teams are often unable to keep up due to a lack of integration and coordination between security and operations groups. This results in security vulnerabilities not being addressed quickly enough, leading to potential data breaches and other security incidents. The document argues that automating security and operations workflows can help eliminate inefficiencies and prioritize the remediation of the most critical issues.
This document discusses the evolving cyber threat landscape and increasing cyber risks that organizations face. It notes that cyber attacks are becoming more frequent, sophisticated, and targeted. The document outlines several recent major cyber attacks including data breaches at Sony, Target, and Ashley Madison, as well as ransomware attacks and hacking incidents. It emphasizes that organizations need to adopt a proactive, intelligence-led approach to cyber security that includes red team exercises, assuming breaches will occur, and deploying security intelligence systems to detect threats early. The key is understanding adversaries and their tactics in order to adapt defenses accordingly.
Cost of Cybercrime Study in Financial Services: 2019 Reportaccenture
Now in its 9th year, this new Accenture presentation explores the impact associated with cybercrime, quantifying the cost of cyberattacks and analyzing trends in malicious activities in the financial services industry. And this year for the first time, we look to the future so that financial services organizations can better target their funds and resources and open up new revenue opportunities to unlock economic value.
Understanding the Impact of Today's Security Breaches: The 2017 Ponemon Cost ...IBM Security
Understand the impact of today's security breaches by attending our June 26th webinar which will discuss the 2017 Ponemon Cost of a Data Breach study.
Join Ponemon Institute and IBM Security Services on June 26th for a webinar discussing the impact of today’s security breaches based on the latest release of the 2017 Cost of Data Breach Study.
Register for IBM Security Services Webinar highlighting Ponemon Institute 2017 Cost of Data Breach Study The 12th annual Cost of Data Breach Study conducted by Ponemon Institute and sponsored by IBM Security Services calculates the real costs, implications and probabilities of security breaches faced by global organizations.
This webinar will present global findings highlighting trends across 11 countries and 2 regions. Attendees will have access to industry experts for live Q/A and will walk away with key insights, cost reducing strategies, investments and proactive best practices to reduce impact to their businesses in preparation for the next breach.
Join IBM Security Services and Larry Ponemon, founder of the Ponemon Institute, as he walks through the results and methodology of the 2017 Cost of Data Breach Study.
DERMALOG Identification Systems GmbH is a leading provider of biometric identification solutions such as fingerprint and facial recognition systems. Headquartered in Germany, DERMALOG has implemented large-scale biometric systems in over 80 countries, including a fingerprint identification system for 23 Nigerian banks that has registered over 32 million customers. DERMALOG's biometric technologies and solutions span various sectors including banking, border control, law enforcement, and issuing secure identity documents.
Insights Success brings you the experience, knowledge, and expertise of such authentication companies in its new edition of “The 10 Most Reliable Authentication Solution Providers, 2021.”
with great enthusiasm Insights Success has
shortlisted The 10 Most Trusted Fraud Detection
Solution Providers, 2019, who are working round the
clock to help is clients detect fraud, faster!
This document provides an overview of the future of entrepreneurship and highlights 10 successful entrepreneurs revamping the future. It discusses how the future of entrepreneurship is bright but also extremely competitive as businesses reshape themselves to compete in cutthroat markets. Educational institutions now recognize entrepreneurship as a discipline and community members understand its importance to economic growth. The document then profiles 10 entrepreneurs who are taking on future challenges, including Debra Griffin and Dean Harrison, a healthcare business leader duo; Susanne Skov Diemer, who provides security, risk and crisis solutions; and Jillian Hamilton, a proficient in risk management.
Cyber Security, User Interface, and You - Deloitte CIO - WSJSherry Jones
This document summarizes an article from Deloitte CIO discussing how cybersecurity professionals can improve the user experience of security tools and features. The article argues that cybersecurity is becoming everyone's concern, not just professionals. It suggests learning from other industries like meteorology, pharmaceuticals, entertainment, and more to develop security tools that are simple, reliable, pleasurable to use, and provide users visibility into threats and control over their data. The goal is to "sweeten the security pill" and make security less of a negative experience for users.
Cyber Security, User Interface, and You - Deloitte CIO - WSJSherry Jones
This document is an article from Deloitte CIO Journal that discusses how cyber security interfaces can be improved to provide a better user experience. It suggests taking lessons from other industries, such as using maps to visualize security threats like meteorology, adding tracking tags to data like pharmaceuticals use on drugs, and making security features more automatic and enjoyable to use like entertainment venues that use wristbands. The goal is to address users' desire to avoid thinking about risks while still protecting their information by improving the user interface of cyber security systems.
The Silicon Review's 5 Best Security & Digital Marketing CompaniesPavan Kumar
The Silicon Review “5 Best Digital Marketing Companies to Watch, and 5 Best Security Companies to Watch 2019”. These companies are not only the lead players in the market, but are helping other companies to engage their customers. The companies that are enlisted are armed with right marketing tools, know the art of executing an idea, known for their simplest yet reliable cybersecurity solutions and pro-active ability, customer centric approach and strategies to overcome market uncertainties.
The Most Trustworthy Enterprise Security Solution Providers of India.pdfCIO Look Magazine
This document provides an overview of the enterprise security industry and changes occurring within it. It notes that corporate cybersecurity teams face intense pressure due to today's complex environments and unpredictable threats. The number of applications and workloads has decreased as application, security, and operational teams have become more fractured. Users are accessing sensitive data from insecure locations using devices that don't meet security standards. This expanding attack surface challenges security teams' ability to respond effectively. For businesses, enterprise security is no longer sporadic but critical due to frequent security breaches reported in the news. The article explores the enterprise security industry and how it is developing to address these issues.
This document discusses intelligence driven fraud prevention strategies. It notes that fraud prevention has become more complex due to evolving threats from cybercriminals. An intelligence driven approach uses visibility, analytics, and risk-based authentication to balance security, user experience, and organizational risk tolerance. The approach analyzes user behavior and device data across channels to detect anomalies and take targeted action.
The Unconventional Guide to Cyber Threat Intelligence - Ahad.pdfAhad
The IT infrastructure in Dubai is one of the best we have to date. And it makes the cyber threat intelligence Dubai an important topic to discuss and catapult the much-required attention at. As said, the development is happening rapidly and the hackers are a part of this world. They too have highly advanced mechanisms, software, technology & tools to dominate your security approach. Whether you are a business owner or a budding entrepreneur, you need to have the best cybersecurity in place at your premise.
Cyber threat intelligence in Dubai is an essential component of the city's cyber security strategy. Ahad provides excellent cyber security solutions to help clients protect their sensitive data and information.
https://ahad-me.com/solutions/detect-and-response/16
This document provides a cyber threat forecast for 2018. It discusses several types of cyber attacks that are expected to increase in 2018, including ransomware attacks, mobile app attacks, network-based attacks on hospitals, identity theft, proof of concept attacks targeting medical devices, attacks on cryptocurrencies, cyber espionage by countries like Russia and North Korea, attacks on cloud infrastructure, and cyber bullying. It also mentions the enforcement of new GDPR regulations in Europe and increased international collaboration between cybercrime fighters. The purpose is to educate organizations on cybersecurity risks and the need to implement effective cyber resilience plans.
- Cybersecurity spending has grown significantly over the past decade, from $3.5 billion in 2004 to an estimated $120 billion in 2017, driven largely by increasing cybercrime.
- Many large companies have significantly increased their cybersecurity budgets in response, including Bank of America which has an unlimited budget for cybersecurity, JPMorgan Chase which doubled its budget to $500 million, and Microsoft which invests over $1 billion annually.
- However, small and medium businesses are particularly vulnerable as they bear 72% of cyber attacks but often lack the resources of larger companies to implement robust cybersecurity programs. Highground Cyber aims to help small and mid-market CEOs protect their companies through comprehensive cybersecurity solutions.
Grant Thornton provides cyber security and privacy services to help organizations protect their information assets and govern cyber security risks. They have expertise in areas like cyber security governance, cyber crime prevention, digital security, business resilience, and third party assurance. Their services help organizations assess cyber security maturity, identify vulnerabilities, improve controls, and develop strategies to prevent and respond to cyber attacks and security incidents.
Enterprises that have successfully digitally transformed have seen significant improvements in business performance and revenue growth compared to competitors with lower digital maturity. However, cybersecurity risks can undermine these benefits if not properly addressed. The document introduces the Cyber Mastery Matrix, a suite of solutions from Deloitte that aims to embed cybersecurity into an enterprise's strategy and culture. It includes services like cyber wargames, simulations, and awareness training to help organizations strengthen their cyber resilience and prepare for future attacks.
The 10 most trusted authentication solution providers of 2021CIO Look Magazine
To understand the methodologies of the authentication world, CIO LOOK Featured a journey to find The 10 Most Trusted Authentication Solution Providers 2021.
The advent of AI is revolutionizing both the world and cybersecurity, yet significant challenges remain. The Cyber Express has consulted with leading industry experts to uncover insights that will illuminate the AI transformation.
The latest issue of The Cyber Express explores the role of AI in securing digital assets, followed by its benefits and challenges. Stay ahead on this important topic and don’t miss out on valuable insights. https://thecyberexpress.com/
We are proud to present in this e-book a wide range of AI solutions from 15 Greek and Cypriot Microsoft partners. As we are actively working with those partners to develop and co-sell their solutions across the world, we hope this will serve as an inspiration to Start-Ups as well as established software and solution providers to work with our partner team to build the strongest AI ecosystem across Greece, Cyprus and Malta.
Internal or insider threats are far more dangerous than the external - bala g...Bala Guntipalli ♦ MBA
- Internal threats are more dangerous than external ones, as 60% of attacks in 2016 were by insiders with malicious or negligent intent. Healthcare, manufacturing, and financial services are most at risk due to valuable personal data.
- Electronic medical records can be worth over $1300 each to hackers, who can use stolen health information to commit lifetime blackmail or fraud. Insider threats are the largest risk.
- There are many approaches to minimize potential insider threats, including strict access controls, monitoring for anomalies, social engineering tests, awareness training, and separating duties. Prioritizing security is crucial to protect valuable data and systems from internal and external threats.
10 Most Influential Leaders in Cybersecurity 2022.pdfCIO Look Magazine
This edition features a handful of the most influential leaders in cybersecurity that are the forefront of leading us into a digital future
Read More: https://ciolook.com/10-most-influential-leaders-in-cybersecurity-2022-october2022/
Similar to Top 10 leading fraud detection and prevention solution providers (20)
Engaging Platforms and Transformative Technologies.pptxMerry D'souza
humankind has always shocked itself various discoveries, inventions, & ground-breaking technologies like AI, Cloud, AR/VR, Big Data, and Robotics
Read More - https://cutt.ly/W2qWz1Q
The 10 Most Prominent Google Partners To Look At in 2022 March 2022Merry D'souza
In this edition of our business magazine, "The 10 Most Prominent Google Partners To Look At in 2022 " that are helping Google Partners
Read More: https://www.insightssuccess.com/the-10-most-prominent-google-partners-to-look-at-in-2022-march2022/
The Rise of Global Business Process Outsourcing Companies 2022, February 2022...Merry D'souza
A strong organization stands out as an outsourcing company in today’s business scenario, outsourcing core business functions
Read More: https://www.insightssuccess.com/the-rise-of-global-business-process-outsourcing-companies-2022-february2022/
10 Most Disruptive Automation Companies to WatchMerry D'souza
This edition features a handful of Disruptive Automation Companies sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/10-most-disruptive-automation-companies-to-watch-volume-ii-april2022/
This edition features a handful of green House Growers Revolutionizing Horticulture sectors that are at the forefront of leading us.
Read More: https://www.insightssuccess.com/top-10-green-house-growers-revolutionizing-horticulture-sector-march2022/
10 Best Time Tracking Solution Providers to Watch.pdfMerry D'souza
This edition features a handful of Time Tracking Solution Providers sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/10-best-time-tracking-solution-providers-to-watch-march2022/
The 10 Most Inspiring Tech Leaders to Watch, 2022.pdfMerry D'souza
This edition features a handful of Tech leaders across several sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/the-10-most-inspiring-tech-leaders-to-watch-2022-june2022/
The 10 Most Inspiring Tech Leaders to Watch, 2022.pptxMerry D'souza
This edition features a handful of Tech leaders across several sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/the-10-most-inspiring-tech-leaders-to-watch-2022-june2022/
Qatar’s Most Admired Companies to watch May 2022.pdfMerry D'souza
In this edition of our business magazine, "Qatar's Most Admired Companies to watch May 2022" that are helping Qatar's industries
Read More: https://www.insightssuccess.com/qatars-most-admired-companies-to-watch-may2022/
The 10 Most Promising Google Solution Providers.pdfMerry D'souza
This edition features a handful of Google Solution Providers several sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/the-10-most-promising-google-solution-providers-of-2022-july2022/
The Most Influential Real Estate Leaders 2022 June 2022Merry D'souza
This edition features a handful of Real Estate Leaders across several sectors that are at the forefront of leading us into a digital future
Read More: https://www.insightssuccess.com/the-most-influential-real-estate-leaders-2022-june2022/
Most Promising Leadership Development and Coaching Companies March 2022Merry D'souza
In this edition of our business magazine, "Promising Leadership Development & Coaching Companies 2022" that are helping Coaching Sector
Read More: https://www.insightssuccess.com/most-promising-leadership-development-and-coaching-companies-march2022/
The 10 Most Promising Life Sciences Solutions Companies To Admire in 2022 Apr...Merry D'souza
In this edition of our business magazine, "The Best of 5 Recommended E-Commerce Solution Providers" that are helping Life Sciences industries
Read More: https://www.insightssuccess.com/the-10-most-promising-life-sciences-solutions-companies-to-admire-in-2022-april2022/
The 10 Most Promising Online Auction & Bidding CompaniesMerry D'souza
In this edition of our business magazine, "The 10 Most Promising Online Auction & Bidding Companies" that are helping bidding industries
Read More: https://www.insightssuccess.com/the-10-most-promising-online-auction-bidding-companies-april2022/
Crawford International School in Nairobi, Kenya provides a high-quality international education based on the Cambridge curriculum. It aims to develop well-rounded students prepared for university and careers through emphasis on academics, extracurricular activities, and 21st century skills like critical thinking. The school strives to offer flexible learning opportunities and cutting-edge technology resources. Under the leadership of Managing Director Jenny Coetzee, Crawford International School has achieved strong academic outcomes and extracurricular excellence.
The 10 successful magnetic leaders revamping the healthcare, 2020 compressed ...Merry D'souza
The world of healthcare has changed remarkably over the last few years. Today, the patient has become the focus of the healthcare where the solutions are becoming patient-centric.
This edition focuses on how the Webber Academy maintains its consistency in providing quality primary education to its students. It also covers some of the important topics like the inclusion of Art and Personalised Learning in schooling and why it is essential.
The 10 most successful businesswomen to watch, 2022Merry D'souza
In this edition, “The 10 Most Successful Businesswomen to Watch, 2022”, we have curated a list of women leaders who are setting new benchmarks for excellence in their respective domains.
On the cover, we have #SharonVinderine is the CEO and Founder of PTPA Media Inc
Top 10 franchise consulting companies to watchMerry D'souza
we came up with our new edition of Insights Success, Top 10 Franchise Consultant Companies to Watch, Volume-1.
We focused on some trustworthy franchise consultant companies employing new methodologies to assess the performance potential of an aspiring entrepreneur besides their interest in a particular business and the market conditions.
In this special edition of Insights Success Magazine – ‘Woman Lawyer of the Era - 2021’, we are honoured to present to our audience the professional story of the inspiring Founder & Managing Partner of Krishnamurthy & Co. – Naina Krishna Murthy.
Naina is an exemplar of all the qualities that make an excellent lawyer mentioned above. So, sit back, relax, take a break from your memes and out your life on pause as you read through the pages of this insightful edition.
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
HR search is critical to a company's success because it ensures the correct people are in place. HR search integrates workforce capabilities with company goals by painstakingly identifying, screening, and employing qualified candidates, supporting innovation, productivity, and growth. Efficient talent acquisition improves teamwork while encouraging collaboration. Also, it reduces turnover, saves money, and ensures consistency. Furthermore, HR search discovers and develops leadership potential, resulting in a strong pipeline of future leaders. Finally, this strategic approach to recruitment enables businesses to respond to market changes, beat competitors, and achieve long-term success.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Discover innovative uses of Revit in urban planning and design, enhancing city landscapes with advanced architectural solutions. Understand how architectural firms are using Revit to transform how processes and outcomes within urban planning and design fields look. They are supplementing work and putting in value through speed and imagination that the architects and planners are placing into composing progressive urban areas that are not only colorful but also pragmatic.
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
4 Benefits of Partnering with an OnlyFans Agency for Content Creators.pdfonlyfansmanagedau
In the competitive world of content creation, standing out and maximising revenue on platforms like OnlyFans can be challenging. This is where partnering with an OnlyFans agency can make a significant difference. Here are five key benefits for content creators considering this option:
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Top 10 leading fraud detection and prevention solution providers
1. ISSUE 02 | VOL 01
2021
Leading
Fraud Detection
& Prevention
Solution Providers
Top
USHERING
IN THE
FUTURE OF
SECURITY
Save Information
Save Money
Secured World
2.
3.
4. Curb your Risks
he current pandemic has put number of activities online
Twhich requires online platform to conduct business
smoothly. But phishing and fraud activities is an increasing
problem. Just like the technology evolves and updates these
hackers come up with new ways of frauds. So, the question arises
what about our valuable information like online payments, official
documents, and our personal data.
The number of transactions we make online and the number of
things now connected to the internet is immense. It becomes very
difficult to keep a track of all these transactions. That’s where
Cybersecurity and Fraud Prevention Companies comes into the
picture. They can beat these fraudulent activities conducted on the
internet with their state-of-the-art technologies. These helps
organizations, clients, and customers for their working as these
activities can happen real-time.
Fraud Prevention Companies ensures that your data is secured.
They collaborate with governments, and interacts with several
other companies to protect you against such threats, malwares,
and prevents any money laundering before taking place.
According to a research 40% of the companies do not have a
secured system integration at their workplace. Enterprises can
save their funds once they authenticate and detect these
fraudulent activities and have an ecosystem of cybersecurity.
In order to tackle today’s challenges of internet and digital
channels, authentication of security is vital. The companies are
stronger with the services of the cybersecurity companies offer. It
is not just about the industry but also any country’s national
security as well. Often, there are news about the confidential data
breaching and threating emails.
EDITOR’S NOTE
5. There are several fake accounts, hackers, scams operated worldwide, somehow somewhere even we’ve
experienced such things. It can be in the form of emails, messages or through social media. Now with the
pandemic hit, companies have experienced the need for cybersecurity. The business is focusing on
securing the data with the services offered by cybersecurity companies.
Companies who do not adopt to these changes will definitely fall behind the competition. In a world full of
technology and innovation the need of the hour is having the good cybersecurity and fraud detection tools
in the organization protecting the data, and serving the customers.
Understanding the need of these situation CIOLOOK comes up with its edition of Top 10 Leading Fraud
Detection and Prevention Solution Providers. Featuring it’s Cover Story is – Kaspersky is to save the
world.
Kaspersky is a global cybersecurity company founded in 1997 with its roots in antivirus solutions. Its
mission is simple: to build a safer world. The company believes in a tomorrow where technology improves
our lives. Kaspersky operates in over 200 countries with offices in 30 countries, so the effects of the
pandemic have naturally been wide-reaching.
Lastly, make sure to go through the in-house editorials written by the industry experts and the creative
articles written by our editorial team.
Go flip it!
Hitesh Dhamani
7. 28 36
Innovative Services
Digitisation in
Intellectual Property
Law Insights
Practical tips for IP Enforcement
in Hong Kong and China
Idprop
The First and Only Property Management
Platform Offering Biometric ID Verification
and Multiple Fraud Risk Mitigation Controls
MCG Consulting
Increasing Operational Efficiencies
and Driving Long-term Value
24
16
40
32
Anura Solutions
Enabling Businesses to Stay
Ahead of Fraudsters
Dixtior
Managing Financial
Crime Risk
9. Brief
Company Name
MCG Compliance
mcgcomply.com
MCP Insight
mcpinsight.com
DIXTIOR
dixtior.com
Idprop
prop.idcheck.tech
Dixtior is a Portuguese consultancy firm that seamlessly
combines the very best of two worlds. The company is
specialists in both economics and information technologies and
we apply our full range of talent to creating the perfect solution
for each client’s needs.
At MCG, the team believes that all securities markets are
holistically connected in today’s world.
MCP Insight are market intelligence and compliance specialists
with operations across Europe, Asia, Australia, Africa and the
Middle East.
Idprop is the first and only Property Management platform
offering Biometric ID Verification and multiple fraud risk
mitigation controls.
Auraya Systems
aurayasystems.com
Auraya is a world leader in voice biometric technology with the
mission of empowering people and organisations to interact and
engage with convenience and security in all channels and
languages.
Angelo Gajo
Global Marketing
Communications Manager
Rui Vicente
CEO
Sara Statman
Founder & CEO
Anura Solutions
anura.io
Anura is an ad fraud solution designed to improve campaign
performance by accurately exposing bots, malware, and human
fraud.
Rich Kahn
CEO and Co-founder
Kaspersky Lab
kaspersky.com
Kaspersky is a global cybersecurity company founded in 1997.
Kaspersky’s deep threat intelligence and security expertise is
constantly transforming into innovative security solutions and
services to protect businesses, critical infrastructure,
governments and consumers around the globe.
Claire Hatcher
Head of Business
Development
Declan Pettit
CEO
FRISS
friss.com
FRISS is 100% focused on automated fraud and risk detection
for P&C insurance companies worldwide.
Ruud Van Gerwen
VP Marketing
Paul Murdock
CEO
Global Data
Solutions Limited
w2globaldata.com
W2 provide a wide range of screening tools and services to
help organisations to check who they are interacting with.
James Roberts
CEO
Kount
kount.com
Kount’s best-in-class fraud prevention solutions protect the
digital innovations of over 9,000 brands globally.
Emily Valla
Marketing
Featuring Person
10.
11. CLAIRE
Hatcher
Ushering in the Future of Security
“Fraud is an evolving concern, so it's of huge comfort to our clients and
their customers that the solution being provided molds and adapts
according to real-time threats. We are happy that our clients can detect
complex fraud and money laundering cases without affecting their
service productivity. This balance results in reputational benefits
through increased consumer trust and clear ROI.” – Claire Hatcher, Head
of Business Development at Kaspersky Fraud Prevention.”
Cover Story
12. customers through web and mobile digital channels.
It helps cut costs on alternative authentication
methods, closes gaps in security and provides
visibility of incidents and anomalies in its web
console. Now enterprises can save funds on second-
factor authentication and operational costs, meet
customer expectations by making the authentication
and login process more seamless, and detect
fraudulent activity in real time.
In contrast to other providers, Kaspersky Fraud
Prevention utilizes a full analysis of the device,
environment, passive behavioral biometrics, and
patterns, as well as the detection of any malicious
traces on the device. The Kaspersky team believes
that in order to tackle fraud, the approach should be
holistic. Therefore, the company is committed to
developing its fraud models to uncover patterns
across channels and threat vectors.
Best user verification
Kaspersky takes a holistic approach to fraud
prevention. Some vendors concentrate only on
device ID or behavioral biometrics, but Kaspersky
takes these factors into account along with 150
other parameters to determine if a session is
legitimate. For example, if someone logged in to a
particular user session using the Tor browser, other
systems may flag that user to be blocked. However,
there may be a legitimate reason for using that
browser. It's only when you analyze this behavior
along with other aspects of a typical user or group
behavior that a pattern emerges to show if
something suspicious is going on. Also, as scammers
have gotten better at persuading consumers to
provide sensitive information, such as one-time
passcodes (OTP), to complete their
access/transaction, the responsibility has fallen to
models to uncover signs that someone may be falling
victim to a social engineering attack.
A significant impact
Kaspersky operates in over 200 countries with
offices in 30 countries, so the effects of the pandemic
have naturally been wide-reaching. Employees have
G
iven the scale of activities we conduct online
and the number of things now connected to
the internet, there's no possible way to
monitor all the security threats. To make things
worse, fraud is also evolving, meaning criminals are
exploiting cooperation and communication to find
the weakest spots in corporate security systems and
attack them. To beat fraud and ensure a seamless
digital experience, Kaspersky is here to save the
world with cutting-edge technologies powered by
machine learning for accurate and proactive fraud
prevention in real time. Kaspersky is a global
cybersecurity company founded in 1997 with its
roots in antivirus solutions. Its mission is simple: to
build a safer world. The company believes in a
tomorrow where technology improves our lives.
Today, cybersecurity is about more than just
protecting devices. It's about developing an
ecosystem where everything related to technology is
immune to cyberthreats. That's why Kaspersky
expanded beyond its antivirus lab to provide
cybersecurity technologies across multiple threats.
With over 20 years of experience in cybersecurity, a
huge portion of the Kaspersky team is engaged in
R&D and detecting the latest malware and
cyberthreats.
Kaspersky Fraud Prevention
Kaspersky Fraud Prevention provides session-based
anti-fraud solutions for enterprises interacting with
Kaspersky Fraud Prevention is a division of
Kaspersky born out of the company's desire to
expand its mission to ensure that enterprise clients'
money is protected from scammers. Kaspersky
Fraud Prevention collaborates with banks,
e-commerce, e-government services, financial
service companies, and any enterprise that interacts
with their users via digital channels (web or mobile)
to develop solutions to protect against threats, such
as banking malware and Trojans targeting consumer
devices. It starts looking for threats even before the
user logs in. This serves as an excellent early warning
tool to prevent fraud and money laundering before
any money is moved, and to block access before any
damage is done.
13.
14.
15.
16. The next-gen platform
Kaspersky Fraud Prevention plans to continue
tuning its model to verticals beyond financial
services in order to draw on holistic fraud trends
occurring across verticals and channels. Thanks to
its focus on session-based anti-fraud, the
company is already fighting against fraud in
markets outside of financial services. Its holistic
approach encompasses over 150 different data
attributes, using machine learning techniques
across a variety of threat vectors, i.e., behavioral
biometrics, device and environment analysis,
behavioral analysis and malware detection.
Kaspersky plans to continue these efforts to
target fraud by analyzing more data attributes,
especially when it comes to next-generation bots,
passive biometrics, and social engineering
techniques.
Testimonials
Anvar Sidorov, Director of Partnerships at
Indacoin, provided his commentary: “The crypto
exchange has many unique features, but in
general, we share the main risks of financial
institutions: security of cards and payment
information, as well as security of personal
accounts and safety of client's funds. The
implementation of Kaspersky Fraud Prevention
helped to identify highly targeted fraud schemes,
identify dishonest users with advanced precision
and implement machine learning in the
verification system.”
17. 1 Year
12 Issues
$250
6 Months
6 Issues
$130
3 Months
3 Issues
$70
1 Month
1 Issue
$25
CHOOSE OUR SUBSCRIPTION
Stay in the known.
Subscribe to CIOLOOK
Get CIOLOOK Magazine in print, and
digital on www.ciolook.com
19. d fraud is growing at a rapid rate and is expected
Ato cost advertisers over $100 Billion in the next
year or two. Taking this dilemma into
consideration, an ad fraud solution company, Anura
Solutions, LLC, was formed to improve campaign
performance by accurately exposing bots, malware, and
human fraud. Its vision is to solve that issue for clients
in real time, with the analytics to give them the proof
they need.
Let’s find out how Anura is helping businesses prevent
fraudsters from accessing marketing dollars by
innovating game-changing technologies, in an interview
conducted between CIO Look and Rich Kahn, the CEO
and Co-founder of the company.
Below are the highlights of the interview:
Give us a brief overview of the Anura Solutions, its
vision, and its journey since inception.
Me and my wife, Beth Kahn, were digital marketers in
the early 2000’s. We were buying traffic and driving it
to a series of campaigns. We started noticing the ROI
was not where it should be and started combing
through log files to uncover a problem with fraud. I,
Rich Kahn, had dealt with ad fraud in the late 90’s so
had an idea of where to start. To solve the problem in
2005 I decided to sign up for an ad fraud solution. To my
surprise, one did not exist. So, as a developer, I wrote
my own.
The first version was simple, it took a few weeks to put
together and the ROI jumped! As time went on, I
continued to develop the solution and it became better
and better. Before I realized it, it was 2010 and we had
already invested over $5 Million in R&D into the
solution, with still so much more to do. As time went on
ad fraud solutions became a thing. By 2015, clients
started asking about using our solution for their own
campaigns. So, in 2015, we performed a year-long study
in ad fraud and realized the solution we built
outperformed the others in the market.
So, in 2016 the engineering team overhauled the
dashboard, did some beta testing and launched Anura’s
first standalone version in 2017. Shortly after that,
Anura put out a whitepaper reporting the largest fraud
find in history…estimated at over $3 Billion a year in
fraud in Google’s Play Store. From that point on, Anura
began to grow.
Please list the popular solutions/services that make
your company standout from the competition.
Anura offers one product, an ad fraud solution. What
sets us apart from other solutions is our accuracy,
thoroughness and analytics.
Anura’s accuracy doesn’t rely on numerical probability
or confidence scores that leaves you guessing what to
do and can lead to false positives. Anura gives you a
definitive answer. If we mark the visitor as BAD, we are
100% confident, it is not a real visitor. Our clients
report that they cannot find false positives. We call this
“the better than 5, 9’s accuracy” (99.999%).
Anura is so thorough, our clients are reporting that we
find 200% - 300% more fraud than any other solution
they have tested.
Analytics, is the proof of fraud. Anura gives the most
detailed analytical dashboard in the industry. We don’t
hide behind “a black box”, we give a huge amount of
data so our clients know exactly where the fraud is
coming from.
| February 2021 |
17
20. What is your opinion on the necessity for businesses
to align their offerings with newer technological
developments, especially when it comes to Security
and Intelligence?
Businesses need to align themselves with the latest
technologies in order to keep up with constant security
threats that are continually being developed. While
doing this, this will help them protect themselves and
their clients as well as helping them grow as well.
At Anura, we solve the cybersecurity issue of
advertising fraud. We are able to help our clients grow,
by accurately identifying fraud. This in-turn helps to
produce better ROI’s for their campaigns, which lead to
overall growth.
As an established business leader, what would be your
advice to the budding entrepreneurs aspiring to
venture into the Cyber security industry?
Cyber security, ad fraud, or anything that deals with
hackers and fraudsters my advice is ABL…Always Be
Learning. This industry is evolving every day and new
attacks are constantly being developed around the
globe. If you are entering this industry, you will need to
continually be learning from others as well as your own
data. The more you learn, the better you will be in this
industry and the better you can serve your clients.
It’s important to work closely with our competitors, or
at least the ones that want to share and collaborate. I
would introduce yourself to a few of your competitors
and strike up a relationship with them to have a
sounding board about the industry. You don’t need to
share secret sauce, but it’s good to have that
relationship.
How do you envision on sustaining your company’s
competency in a cutthroat and volatile world of
business? Where do you see your company in the next
five years?
Fraud is not going away, and it is growing exponentially.
It is expected to be more than a $100 billion problem by
2023. Ad fraud is the largest growing form of organized
crime, second to narcotics, so in five years it is going to
be erupting at an enormous rate if it isn’t mitigated.
With one out of every four marketing dollars being lost
to fraud, businesses need to realize that fraud is here
and coming directly for them. I say all this to show you
how big the problem is, and with a problem that big,
there will be fierce competitors.
Our goal to keep our competency against our
competitors is to focus on the problem…fraud. Keep
our eye on the ball and make sure we continue to do it
better than anyone in the market. That is not easy, but
we have a plan and plan to execute that to the best of
our abilities.
Over the next 5 years Anura plans to continue
dominating the market with the best-in-class solution.
We plan on growing our market share and helping more
and more clients. Most of our clients have used other
solutions before, but are now raving fans of Anura. We
are building our solution to become a gold standard in
the industry and with enough clients using Anura, plan
to start “flattening the curve” when it comes to fraud as
a whole.
Our mission is to
increase our clients’
growth by
improving
marketing results
through accurate
and effective ad
fraud mitigation.
‘‘
‘‘
| February 2021 |
18
21.
22. Save
INFORMATION
Save
MONEY
nnovation and Technology continue to grow
Ithroughout the industries. Now, with the pandemic
affecting nations worldwide, companies have
started to adapt to online changes. Remote working,
work from home, online teaching, and virtual meetings
are the changes that have come-up with. While work
from home has saved employers and employees from
huge losses, it welcomes unprecedented risks.
The Problem
Since everything is connected with the internet, it
becomes easy for fraudsters to conduct fraudulent
activities with the data. So, confidentiality and security
become crucial while operating things over the
internet. There comes the need to provide security and
help in protecting the information online.
The Solution
That is why there are companies which helps to tackle
this situation with their deep experience in regulating,
monitoring, and managing control over such fraudulent
activities. They help customers securing these phishing
activities, scams, viruses, and hackers. It helps clients
and customers to focus on their goals without such
hurdles. Having a team of tech experts helps to stay
updated with the latest technical know-how securing
the data. These fraud detecting companies are capable
to provide its services and expertise in preventing
fraudulent activities to any part of the world.
Skip the Hustle
The problem of data and financial crime has been there
for a long time. With the technology being transforming
the companies, the fraudsters are also transformed in
their way to conduct such malicious activities. They
come up with new ways to hack the systems and using
our valuable information for their own greed. At times,
even the governments confidential data is being theft
by other countries fraudsters. And, there have been
cases of illegal bank hacking and a big amount of money
laundering being done as well.
If only you have a secure structure protecting the
system you can be saved from these terrible losses. The
fraud detection companies are putting more attention
to these money laundering issues providing support
and improving the system to prevent your businesses.
This makes people believe in the digital transformation
and gives the safety of conducting business online.
Think and Act Wisely
Internet is a never-ending process. It will continue to
grow and develop around the globe. And, to ensure
smooth conducting of the businesses online, companies
| February 2021 |
20
24. will have to deal with hackers and fraudsters. It is good
to have a secure and safe business without the fear of
fraudsters. It becomes the responsibility of the people
as well to align their business with the latest security
technologies which will help them to protect
themselves from any such attacks. Ultimately, it is
important to collaborate with the services and
guidance of the fraud detection providers.
Concluding Words
The future of the world is cutting-edge technologies
and to expand our businesses, companies need to
protect from all types of scammers. There will not be
any pressure to grow globally because of the safety
provided by the fraud prevention solutions.
Fraud and Fraud Prevention goes hand in hand, there is
no way to secure all threats. The fraud detection
providers are a boon for customers working on the
weakest spots of the system. They are the ones who are
improving the lives of the customers and the companies
by protecting the devices against all types of malware
and cyberthreats.
Through this write up we have tried to shed a light on
different aspects of the fraud problem. The common
conclusions are that with advancement in technologies
and extreme developments in digital uses, fraud is
increasing. The rise of fraud increased especially on the
Cyberspace, and ability to response these threats are
not much impressive from the police, organizations, and
other individuals.
With these rising number of frauds, the future will see
different ways of confronting fraud. The role of the
cyber fraud protectors will change in many ways and
more saviors will step forward to prevent fraud and
defend with wide range of measures. To fight with these
modern crimes, there is also a need for better data
indicators, more knowledge, accuracy, and preventive
measures.
| February 2021 |
22
25.
26. T
he philosophy of “Think local, act global” can
transform and evolve any company’s life. It is this
adaptability that supports Dixtior’s philosophy
of “Think local, act global”. Dixtior is a Portuguese
consultancy firm, specialist in both economics and
information technologies creating the perfect solution
for each client’s needs. The company is primed to take
the business and information technology expertise to
any part of the world.
Dixtior has the talent to be able to respond to any
challenge and make the difference that counts. By
innovation and open to new ideas in new markets, the
company is sociable by nature and likes to establish a
close relationship with the clients. And, no better
person to lead and inspire the company is Rui Vicente,
Chief Executive Officer of Dixtior. Rui is very
passionate about his work and fully dedicated to
getting something done the best way possible whatever
it takes.
Transformation at its Heart
Dixtior was born in 2013 with the main goal to become
Managing Financial Crime Risk
| February 2021 |
24
27. one of the top companies providing financial crime
compliance software in the world. Its journey started at
the headquarters in Lisbon, but after twelve months it
was already working abroad. The organization started
developing DCS solution having into consideration all
the needs from compliance teams across the world.
DCS has now implemented in banks and fintech's
across three continents, Europe, Africa, and Asia.
Prevention, prevention, and prevention. Those are the
three most important actions that Dixtior implements
to prevent money laundering. It hopes to achieve the
goal of being a globally recognized company in the fight
against Financial Crime.
Talent to Create the Perfect Solution
DCS and DCS Lite are the two solutions provided by
Dixtior.
DCS is a full and comprehensive software that uses
Artificial Intelligence, Assisted Machine Learning, and
Neural Networks to improve the quality & accuracy of
the generated alerts. The team’s approach to the
financial crime problematics is what makes the
difference between Dixtior and the competitors. DCS is
an end-to-end solution that allows compliance teams to
have a holistic view of the menaces that they face
instead of a siloed approach.
DCS LITE is a cloud base SaaS that allows companies
not to carry the burden in infrastructure management
at the same time that allows compliance teams to have
a quick hand on the solution, the implementation of a
DCS Lite is made in less than 4 weeks. This includes a
full parameterization of the software to the specific
needs of each client, from banks to currency exchange
companies or cryptocurrency traders, payment
services, or any other financial company that needs to
deal with Financial Crime Compliance in a full picture
or just transaction monitoring or KYC or even just case
management or merchant risk evaluation.
The Best of 2 Worlds
“The pandemic brought more attention to security due to
the changes that happened in the work environment and
practices across the world and economic sectors. But to be
honest, the problem is not new its only more known and
| February 2021 |
25
28. everybody is more aware. Post pandemic will bring
companies to take decisions that they did not take before
because they wore afraid of making investments without
knowing what was coming on”, admits Rui.
Dixtior is prepared to support any company that needs
to improve their systems to combat Financial Crime
and are willing to give a huge step away in the way they
prevent their business from these menaces
Rui expresses, "Every organization is part of society and
does not exist without society. This means that I can’t
understand any company that doesn’t have a true concern
with its surroundings and doesn’t have an effective action
to promote social responsibility”.
Shaping the Future
Post pandemic will bring companies to take decisions
that they did not take before because they were afraid
of making investments without knowing what was
coming on. Dixtior is prepared to support any company
that needs to improve their systems to combat
Financial Crime and are willing to give a huge step away
in the way they prevent their business from these
menaces.
Proactive and Friendly Leader
Rui Vicente has extensive experience in Risk
Management. He is very proactive and very easy to
work with the utmost professionalism. Rui possesses
excellent leadership skills and is able to motivate and
inspire people around him. He possesses enviable social
skills which allow him to find his way in challenging and
multicultural environments.
‘‘
‘‘
| February 2021 |
26
29.
30. Digitisa
Intellectua
With more than 28 years of experience in
commercial and intellectual property law, Sue
assists clients with all aspects of trade mark and
branding. Also, she brings a wealth of
knowledge to her clients ensuring that they
achieve their goals. As a result, Sue is
passionate about helping clients achieve their
goals and always goes the extra mile to
understand their business.
With more than 18 years of experience, Rachel
has a proven track record of providing senior
level IP advice. Rachel has a wealth of
knowledge in trade marks and beyond. Using
this, combined with her willingness to gain a full
understanding of her client’s strategic goals,
she is able to provide senior level IP advice. She
has worked with a number of clients across all
industries which has strengthened her
knowledge and skill base beyond the norm.
Rachel
McDonald
Sue Irwin
Ironside
| February 2021 |
28
Innova ve Services
31. ation in
al Property
rior to COVID-19 various intellectual property
Pservices were well on their way to digitising
many services. The increase in innovation
facilitated by Artificial Intelligence (AI) has been on the
rise for a number of years.
Digitalisation is often referred to as the fourth
industrial revolution. IP offices around the world have
been taking a look at how to streamline services using
technology to its maximum potential.
COVID-19 has accelerated this process. Many offices
have had to adapt to the changes but have taken this on
board and created new and effective ways of tackling
some of its mundane tasks.
The digitalisation changes have been across a full range
of industries. What may have taken some companies
years to adapt to new electronic processes, has been
done in record times.
Innovation continues to grow in digital businesses.
Technology firms have seen their value skyrocket.
Update on Legal Services Industry post the pandemic
We have been amazed at how quickly our firm (and
other firms in NZ) and clients were able to adjust to
working from home. At the time of going into lockdown
we found there were around 2 weeks where everything
went very quiet. We wondered whether that would
carry on and then we got busier and busier. We realised
that was the time it took for those we engaged with to,
at record speed, get themselves all set up to work from
home.
We feel that the adjustment was fast, for some it was
what they had wanted for some time – to have more
flexible working arrangements and to be able to work
some time from home.
With the juggling of families at home, parents carrying
out teaching duties of their children and managing
work commitments it was a big challenge, that we have
found for the most part that those we know and work
with have managed to cope with. We have been lucky in
NZ that we come from a small country and we are far
away from the rest of the world, that we have a Prime
Minister who was prepared to make a quick and fast
call to close our borders and manage Covid as tightly as
we can. We have had with around 24 hours’ notice
mostly, gone back into several short term lock downs
but we have had minimal time in lock down compared
with the rest of the world. This has not made us
complacent and as a country we are vigilant and
careful.
Work has continued via online media. The use of Zoom
and team calls for us has become the norm. These are
undertaken with our staff, clients, colleagues. We listen
to webinars and podcasts. We enjoyed being part of the
INTA Virtual conference and had great and effective
business meetings, committee meetings, catchups
colleagues and some speed meetings with colleagues
we had not met before.
For us , we had embraced being able to spend some
time working from home before the first Covid
lockdown. To have to work from home fulltime for us
was an easy transition. It has shown us how important it
is to work off a good system – we use Equinox and find
it fantastic. … It has also shown us that no matter what
| February 2021 |
29
32. age we are that as a Practitioner you have to invest in
ensuring that you have good technical/ computer skills.
We have embraced social media with our marketing
and have been posting almost all content via that
channel.
IP Secrets and Know-how
We have been asked by several of our clients what is
the difference between Confidential Information, Trade
Secrets and Know-how. There is a lack of
understanding in business around the differences.
In our experience, these terms are used most often in
the context of negotiations or in discussions in relation
to collaborations, investment decisions, sale of a
business, investment sales, collaboration of technology
and in Non-Disclosure Agreements (NDA’s) to name a
few, it is crucial that those that protect IP as well as
those that purchase and licence IP understand the
differences.
Confidential Information, Trade Secrets and Know-how
are very much part of the thought process in deciding
whether to seek patent protection or not.
Confidential Information
Confidential Information is information you wish to
keep away from general public awareness. It is
something that does not appear in the public domain
and would involve procedures and documents around
how it is shared with third parties.
Confidentiality Agreements would be used to manage
Confidential Information and they will often be for a
limited time frame especially in areas of technology
development, where technology moves and changes
rapidly.
Trade Secrets
Trade Secrets are a type of Confidential Information.
Trade Secrets are the specific information you want to
keep to yourself and is usually what is fundamental to
your product or service. It is what gives you your
competitive edge, your commercial and economic
advantage in the marketplace, i.e. the KFC recipe.
Trade Secrets could be a technique, method or
manufacture, a formula, marketing information,
designs, patterns, compilations of information.
Trade Secrets are crucial to identify as they have a
value and provide a commercial advantage to your
business. It is crucial to ensure that there is
documentation in place controlling who knows the
Trade Secret to maintain its secrecy.
Secrecy must be maintained. It is essential that
processes need to be put in place to ensure that the
Trade Secret is kept secret. It is not a registered
Intellectual Property right.
Trade Secrets are Confidential Information but not all
Confidential information is a Trade Secret. This is not in
our experience commonly understood.
Know-how
Know-how is how you know to do something. It is the
knowledge you personally acquire and develop. This
knowledge travels with your employees and can be
difficult to restrain the use of. Contractual restraints
are usually employed to do this. We often find that
businesses do not have appropriate clauses in their
Employment agreements that make it clear as to
ownership of IP that is developed in the course of one’s
employment.
It is important as a business owner that you understand
who holds the knowhow in your business
| February 2021 |
30
33.
34. Managers, Owners, Concierge, and
Tenants, with useful alerts such as
arrears, compliance notices,
emergencies and messaging.
IDprop covers the full spectrum of
Property Management: Self-
Storage, Residential, Single & Multi-
Family, Affordable Housing,
Community Associations, Student
Housing, as well as Commercial
Property.
Systems have multiple security
layers and built-in controls for
access management, permissions,
and fraud risk mitigation. For
example, only someone authorized
may wire out funds, add a new
owner/property or approve Supplier
IDprop
IDprop
The First and Only Property Management Platform Offering Biometric ID
Verication and Multiple Fraud Risk Mitigation Controls
IDprop SAVES
YOU TIME AND
MONEY, IS
SIMPLE TO USE
WITHOUT
TRAINING AND
REDUCES
BUSINESS AND
FRAUD-RELATED
RISKS.
“
“
Below are the interview highlights:
Give us a brief overview of IDprop,
its vision, and journey since
inception.
IDprop provides an all-in-one,
cloud-based property management
solution, covering Leasing,
Accounting, Invoicing, Online
Payments, Arrears Management,
Maintenance, Compliance,
Operations, Inspections and
Appraisals. The suite also includes a
CRM for Lead Management and
handles Vacancies, Bookings, Tenant
Progression, Background Screening
with Biometric Identity Verification,
E-Signing, Contracts, as well as
separate Dashboards for Property
An Interview conducted between CIO LOOK and Sara Statman, the
Founder & CEO of the company sheds light on how IDprop allows
businesses to automate workflows, meet regulatory requirements,
improve the customer experience and generate significant cost savings.
| February 2021 |
32
35. Fees. In addition to “Ease of Use” a core theme across
all modules, is Fraud Risk Mitigation, which is why we
were delighted to be invited to contribute to this CIO
Look edition.
Please list the popular solutions/services that make
your company stand out from the competition.
Ÿ Biometric Identity Screening to protect against
identity fraud: This includes facial recognition, a
liveness check, and authenticating identity
documents
Ÿ A special 2-Factor Authentication login app that is
almost hack-proof as the PIN is never transmitted or
stored. It is entered onto a special keypad so even a
keylogger could not detect it and should a device be
lost or stolen, the login would fail after a few
incorrect attempts
Ÿ This provides clients with a secure invoice portal to
mitigate phishing fraud (see below)
Ÿ Multiple internal and external fraud risk mitigation
techniques (see below)
Ÿ Automatically short-list and select the cheapest
supplier and approve all costs before booking or
invoicing
Ÿ User-friendly dashboards with alerts, analytics, and
automated communication
Ÿ Cost-effective online payments and sector-specific
accounting (GL, AP, AR & Trial Balance)
As the Founder & CEO, where in your opinion are
organizations most susceptible to internal and
external fraud risk, and what solutions have you
implemented?
In Property Management internal fraud may occur if an
employee, without restricted access, adds fake
properties, with fake tenants, sets up fake accounts or
shell companies as owner, and uses this to wire out
funds.
Another key area relates to third-party suppliers
charging outsized hourly or fixed fees, or applying
excessive mark-ups for equipment or spare parts. How
might these bids be accepted? A property manager
could be bribed or coerced into selecting higher bids
and taking a cut of excess profits.
These kinds of risks are present across industries, in
particular when large cash-flows are at stake and are
often committed by mid-level employees with sufficient
knowledge of systems and processes.
At the tenant screening stage, should fake identities
pass, all screening would be meaningless, while realtors
and landlords would have no way of identifying the real
tenant. The property could be used in subletting scams
where evictions are much harder. It may be stripped
bare or let to illegal immigrants, with each scenario
causing legal headaches. The safest way to mitigate
these risks is through Biometric Identity Verification
using a liveness check, facial recognition and
authenticating official documents – only then will
employment, credit and criminal checks relate to the
real tenant.
Id prop implemented multiple fraud controls in its
maintenance solution. First only someone senior and
authorized can approve: a) Suppliers being added to the
portal b) Min to max fixed-rates and
daily/evening/weekend fees c) Quotes for fixed-rate
jobs and spare parts. Next, when a job is required, the
system only displays the 3 lowest cost suppliers
covering the repair type and location. Bookings are
automated and by requiring tenant feedback, this adds
in a further layer of control, to ensure the job took
place.
To protect against fake properties being added, or to
approve an owner, building or property, being added,
multiple checks are in place and only someone
authorized may add these to the system. To mitigate
wire fraud in general, it is essential that only certain
staff with authorization have access to approve and pay
invoices. Our systems include such controls. But
regardless of sector, very similar controls should be in
place and where possible these should be automated.
Phishing Fraud is an increasing problem. Let me share a
true story. A respected builder visited a client and gave
a verbal quote, which was accepted. However, the
D
| February 2021 |
33
36. builder’s system had been hacked. The hacker knew the
client’s name, address, email, and price – emailed the
client a fake invoice with the builder’s name and logo
but the hacker’s bank details – the client paid and was
left out of pocket.
Email is not a secure form of communication and should
not be used to send out invoices. IDprop’s secure login
means all invoices inside the portal originate from the
real vendor. We will soon be launching IDpay as a
secure portal for all sectors to send and receive
invoices and arrange secure payments.
The current pandemic certainly pushed many
businesses to increase their online foothold, which
means an even greater reliance on cloud solutions,
online operations, and payments. Client identification is
also moving from in-person to online, all of which
require new tools and security systems.
However, this must be placed in perspective. Ten or
twenty years ago, HR Departments would typically
hold a copy of staff passports, in their local systems. If
those systems did not encrypt data and were hacked,
that data would probably have been stolen. This is no
different from today, regardless of using in-house vs.
cloud-based solutions.
Whether developed in-house or purchased from a
third-party, businesses should ensure they consider
how fraudsters may attack their business and
incorporate suitable measures to protect their data and
business as a whole.
https://prop.idcheck.tech
| February 2021 |
34
37.
38. IP Enforcement
in and
Hong Kong China
Practical tips for
Overview
It is estimated that legitimate businesses suffer annual
losses of over US$250-750 billion in lost sales as a
result of counterfeit and pirated goods from China and
Hong Kong alone. Intellectual property enforcement is
therefore critical to fostering innovation and protecting
businesses from infringers and counterfeit activities.
As China and Hong Kong are separate jurisdictions with
different sets of legal systems, the IP frameworks and
the corresponding IP enforcement practices between
the two jurisdictions differ. It is prudent for business
owners to understand their positions and artilleries for
enforcing their IP rights in these two jurisdictions.
This article provides an overview on the various IP
enforcement options and practical tips for effective
enforcement in Hong Kong and China.
Enforcement of IP rights in Hong Kong
Issuing Cease and Desist letter
In essence, a Cease and Desist letter is a warning letter
to warn the infringers to stop its infringing activities
and / or take remedial action by a certain deadline,
Apart from founding Ella Cheong & Alan Chiu,
Solicitors & Notaries (formerly known as Ella Cheong
Law Office), Ella Cheong also founded Ella Cheong
(Hong Kong & Beijing) and additionally, at the
invitation of the Singapore government, the Singapore
firm of Ella Cheong LLC and a supporting office of Ella
Cheong IP Services Sdn Bhd in Malaysia. She regularly
gives talks on all aspects of IP. She has also authored
many articles on IP issues. Ella was inducted into the
Global Hall of Fame (IAM) in 2018. The latest edition of
World Trademark Review 2019 identified her as an IP
Legend and a luminaire.
About the Author:
| February 2021 |
36
40. failing which the IP right owners may take legal action
against the infringers.
This approach is particularly useful for trademark
infringement in Hong Kong, given that both registered
and unregistered trademarks are protected under the
effect of the Trade Marks Ordinance and the common
law position of passing off (misleading business
reputation/goodwill) respectively under Hong Kong
law.
This is an efficient and low-cost means of enforcement
since the IP right owners may protect their right in a
timely manner without the burden of complex and
expensive court proceedings.
In addition, the issuance of a Cease and Desist letter is
usually a pre-requisite for litigation, given that both
parties must attempt to resolve their dispute amicably
before commencing litigation, or else there might be
cost consequences if the matter subsequently proceeds
to court proceedings.
One must note that in relation to patent or registered
design infringement in Hong Kong, special caution must
be given when issuing a Cease and Desist letter since a
groundless threat to bring proceeding for these types
of infringement is prohibited by law. Therefore, IP right
owners should beware of inadvertently making
groundless threats or risk having to pay compensation,
and only issue Cease and Desist letter when there is
clear evidence showing that the infringement has
occurred.
Hong Kong Customs Recordal
The Hong Kong Customs and Excise Department is
responsible for enforcing the criminal aspects of
infringement of IP rights and has extensive power of
search and seizure against infringers. It assists IP right
owners to enforce their rights through border
enforcement and market investigation measures. It can
seize counterfeit goods from anywhere in Hong Kong,
not only in the harbour or border areas.
In order to enforce IP rights against infringers through
Hong Kong Customs, the IP owners must (1) provide an
affidavit on copyright ownership (for copyright
infringement) or a copy of the trademark registration
certificate (for trademark infringement), (2) provide a
sample of each of the genuine and infringing products,
and (3) appoint a Qualified Examiner who can
distinguish between counterfeits and genuine products.
Once a Customs Recordal is complete (no official fee is
required), and that the Customs has verified the
competence of the Qualified Examiner as a credible
expert witness in future criminal prosecution court
cases, the Customs will proceed to raid and
administratively enforce against the infringers.
Commencing civil litigation in Hong Kong court
IP right owners may commence civil litigation
proceedings against infringers. The courts in Hong
Kong are sophisticated and well equipped to handle IP
cases since there is an Intellectual Property Specialist
List created in Hong Kong courts where all trials in
relation to IP will be listed before judges specialized in
the area.
The robust courts of Hong Kong are keen to grant
injunctions to put a stop to infringement activities in a
timely fashion. In addition, the damages awarded to the
winning party is relatively high compared to other
jurisdictions.
However, a typical court action in Hong Kong can take
up to 3-5 years, and the legal costs incurred could be
high. That said, the winning party would usually be
awarded damages and portion of the legal costs. It is
also not uncommon for both parties to reach
settlement once an injunction is granted.
One should note that before commencing civil litigation
in Hong Kong, both parties will be requested by the
court to conduct a round of mediation, failing which
there will be cost consequences.
Enforcement of IP rights in China
Unlike Hong Kong, unregistered IP rights are protected
only by law on unfair competition and/or well-known
trademarks, which are both very hard to prove under
Chinese law. Hence, IP rights must be registered in
China as a pre-requisite for any enforcement options in
China. We highly recommend that any party doing
business in China (whether by way of manufacture,
retail, or trade in any other way), register all its IP
Rights (including patents, copyrights and trademarks)
as soon as possible to prevent other parties from
registering the identical or similar IP Rights).
China Customs Recordal
China Customs is responsible for prohibiting the export
and import of goods from and to China that infringe IP
rights, and IP rights can be recorded with them. Once
an IP right is recorded, if the Customs find suspected
| February 2021 |
38
41. infringing goods on record during their routine check,
Customs will suspend the goods and notify the relevant
IP right holder of the suspected infringement. If the IP
right holder confirms the infringement, applies for
detainment of the goods and pays the requisite deposit
as a guarantee, Customs will formally detain the goods
pending further investigation. Once it is proven that the
detained goods are indeed counterfeits, Customs may
confiscate the infringing products and impose penalties
on the consignor or consignee.
Alternatively, if IP right owners discovers that the
goods to be imported or exported are counterfeits, they
may also apply to the Customs for the detainment of
the goods. To do so, IP right owners should provide
evidence showing the goods are indeed counterfeits
and deposit a guarantee equivalent to the value of the
detained goods.
China Customs Recordal is very timely and cost
effective with the official fee for filing Custom Recordal
to be RMB 800 (approximately US$100). Unlike Hong
Kong Customs, there is no requirement for an
appointment of Qualified Examiner in China, and all the
application and submission of evidence can be done
entirely through the web. Therefore, China Customs
Recordal is one of the most effective IP enforcement
methods in China.
Administrative actions
The key Chinese administrative bodies are the
Intellectual Property Offices (IPOs) for patent cases,
the Administrations for Industry and Commerce (AICs)
for trademark cases, and the Copyright Office for
copyright cases.
These administrative bodies are empowered with a
wide range of enforcement powers against infringers,
such as raiding infringers’ premises, seizing and
destroying infringing goods, imposing injunctions and
issuing fines against the infringers.
Administrative actions are relatively speedy and cost-
effective, but IP right owners will need to instruct legal
representatives to file the application with supporting
evidence of ownership of the IP right, as well as
evidence of the infringement.
Online take down notices
Under Chinese law, internet providers are liable for IP
infringement if they are notified of the infringement
activities and fail to take down the links to the relevant
website. Therefore, most internet providers in China
have their own set of policies in place for such kind of
take down notices.
Generally, they require the provision of (1) evidence
showing the complainant is the IP right holder, (2) the
links to the infringing activities, and (3) business license
of the IP right holder.
Online take down notice is a very cheap and efficient
way to tackle online infringements in China as the
procedures are relatively straight-forward.
Commencing civil litigation in Chinese courts
There are IP courts in China in Beijing, Shanghai and
Guangzhou respectively that are specialized in handling
IP cases. The usual remedies sought are wide-ranging
and can include injunctions, destruction of infringing
goods, damages and order for delivery up. In addition, a
typical IP action would take place in the span of 1 to 1.5
years in general, from the issuance of proceedings to
the handing down of judgment, which is relatively quick
as compared to its Hong Kong counterpart.
To prove IP infringement in court proceedings in China,
all the evidence in support must be notarized by a
notary public. In practice, this means the process of
obtaining the evidence, including the test purchase of
the infringing items, must be witnessed by a notary
public. This will add difficulties to providing sufficient
notarized evidence to satisfy the burden of proof in
Chinese court proceedings.
Moreover, many of the local court judges and juries in
China are often not sophisticated in IP law, and a fair
result may only be obtained once the cases are
appealed to a higher or even top level courts (most
notably the Michael Jordan case, where the US
basketball player Michael Jordan successfully obtained
favorable results against a long-lasting trade mark
squatter in China only when the case had been
appealed to the Supreme Court of China).
Conclusion
In conclusion, business owners who are carrying
business in Hong Kong and in China must ensure to
register all their IP rights in both of these jurisdictions
since the legal system are independent from each other.
In Hong Kong, this would be for trade marks, patents
and registered designs (no copyright registration is
available). In China, this would be for patents,
trademarks, and specifically including copyright.
| February 2021 |
39
43. MCG Consulting
Increasing Operational Efficiencies and Driving Long-term Value
s we all have heard that ‘prevention is always
Abetter than cure’ so in the world of digitalization
it becomes essential to prevent the frauds
before they happen. As they say ‘failure is costly’ so are
the frauds. Therefore, taking due care in detecting
frauds earlier and then preventing them before they
occur is very important as it is costly to being victim of
frauds. It’s always better to be cautious than to be
complacent. Any business demands authoritative
sources to assemble regulatory data requirements
most efficiently and productively.
MCG Consulting is one of the few companies that
provides both regulatory compliance services and
assistance in software development. At MCG
Consulting, its team believes that all securities markets
are holistically connected in today’s world. The
company has deep expertise and extensive global
experience. Its industry knowledge spans regulatory
reporting, regulatory data management and
distribution, transaction monitoring and analytics,
compliance management, and identity control. Paul
Murdock is the Founder and Managing Director of
MCG Consulting. Paul has amassed over 25 years of
experience specializing in finance and compliance
within the financial services industry.
Cost-effective Technology Solutions
MCG Solutions™ are globally localized, data-driven
intelligent solutions to help companies navigate the
complexities of the FinReg Industry. MCG Consulting
partners with various vendors to offer its clients cost-
effective technology solutions while at the same time
focusing on the business use cases of those solutions.
Personalized and Forward-thinking Compliance
MCG Consulting identifies and mitigates compliance,
regulatory, and financial risks on the compliance side
and helps clients devise personalized and forward-
thinking compliance plans to deliver long-term value.
While on the technology side, MCG Consulting's
technology experts help clients upgrade to next-
generation software systems cost-effectively and stay
updated with the latest innovations.
Delivering Innovative and Seamless Solutions
MCG’s team of Chief Compliances Officers have deep
expertise and extensive global experience spanning
regulatory reporting, regulatory data management and
distribution, transaction monitoring and analytics,
compliance management and identity control. These
officers help navigate the complexities of the evolving
financial landscape and deliver innovative, seamless
solutions that increase efficiencies achieving exemplary
results.
Transforming Challenges into Opportunities
Paul believes the pandemic has accelerated the need
for companies similar to MCG in the “work from home”
environment. This unprecedented time has created
unprecedented opportunities; however, it is not
without risks. All devices connected to the internet
must be even more adequately secured with the
appropriate endpoint solutions because not only is it
essential to secure office devices, it is also essential to
secure personal devices as well. Uncertain or
unprecedented time calls for win-win, decisive,
constructive, innovative, and unprecedented solutions.
Innovative leaders like to transform challenges into
opportunities.
Utilizing Latest Technologies
At MCG, it is its team’s belief that the future of digital
technology is only in its infancy. Its team expects
exponential growth in digital technology across all
platforms and everyday life in a post Covid-19 world.
Paul adds that, “The pandemic has significantly
impacted the adoption rate of technology. A prime
example of the rate of technology change and impact is
Zoom video conferencing, it has been a game changer.”
Paul says that with the accelerated rate of technology
change, it becomes even more evident for businesses to
| February 2021 |
41
44. align their service offerings with new technology. Paul
believes that specifically to Security and Intelligence it
is most essential to keep abreast of the latest
technology in the marketplace. MCG Consulting is
constantly reviewing new technology offerings to
ensure its clients have “best in class” technology to
solve their problems. MCG works with leading
providers in its industry to ensure its clients have the
latest solutions to solve their business problems.
Giving Back to Society
MCG Consulting acts with intention and cultivates an
environment of progressiveness. Prioritizing the
greater good and building local communities around
the company is one of its core values. MCG strongly
advocates giving back through charitable works. MCG
sponsors educational and scholarship opportunities for
African American, and Latino males within the Metro
NY area.
Delivering Best Experience to Clients
Paul advises aspiring entrepreneurs in the security
industry to stay abreast of the latest technology
impacting cyber security industry and put the business
interest of the clients ahead of one’s own. Paul believes
that this strategy may take time to pay off but
eventually it will. The core of the MCG Consulting is
that it continues to ensure that its clients have the best
experience it can while working with company’s highly
competent professionals. Most importantly, MCG is a
business partner in helping clients to solve their most
complex business problems by providing uniquely
customizable professional service advice. MCG expects
the company to continue to grow in this competitive
environment. MCG’s clients appreciate what it brings
to the table.
Competitive and Professional Team
"From the first interaction, it was obvious that MCG was
the firm that could deliver. The detailed ancillary discussion
reaffirmed that this team is technically head and shoulders
above the competition." — Chief Compliance Officer,
Refinitiv (a Blackstone private equity group/Thomson
Reuters company).
"MCG has out-of-the-box thinking, extensive industry
knowledge, and employs a high level of professionalism." —
Managing Partner, Interactive Learning Group.
MCG’s award-winning
compliance,
regulatory, and ntech
solutions increase
operational efciencies
and drive long-term
value to the clients.
“
“
| February 2021 |
42