Internal Fraud

The threat can often lie within your business

Recent research conducted by IDC suggests that as much as 50% of fraud suffered by organisations contains an internal element within the attack.

Internal fraud (also known as employee or staff fraud) can occur at any location within a business, from customer acquisition to billing and payment management. These frauds take various forms, including:

• Alternations to billing details
• Creation of false accounts
• Accessing credit card information
• Activating virus or trojan attacks

Internal employees usually commit fraud in collusion with external parties with the purpose of financial gain or possibly even personal retribution.

MinotaurCloud Fraud Management solution is ideally equipped to tackle internal fraud due to its ability to utilise and analyse data from anywhere within an organisation's business processes.

Rules and thresholds can be configured to monitor activity such as access logs and amendments to personal information and identify the individuals carrying out the changes. Furthermore, MinotaurCloud's advanced profiling capabilities, together with a comprehensive reporting package can facilitate the detection of inconsistencies which may represent an internal fraud issue.

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