Corcentric’s Post

Grab your copy of this report: 2024 in Ardent Partners' annual, comprehensive report on the State of ePayables. Important considerations in today's challenging climate!

Accounts payable fraud is dishonest and illegal actions that steal funds from your business's payment system. AP fraud activity is on the rise — and it's happening across all industries. Learn more about this risk and other top barriers to AP teams in 2024 in Ardent Partners' annual, comprehensive report on the State of ePayables. #accountspayable #paymentfraud #ePayables #Corcentric

WPS Management Review Is WPS Management a safe investment or a scam? Check the troubling features of WPS Management in this WPS Management review, exposing its shady operations and related risks. If you are a victim of the WPS Management scam, file a complaint with Scams Report. Protect yourself from fraud! Read now and report your case. https://lnkd.in/ecisXwQE

Get verification in real-time and reduce the risk of fraud even further with our human-verified QLive service. 💻 Human verification in live compliance services ensures accuracy, reliability, and a thorough understanding of complex situations, leading to more effective risk assessment and compliance outcomes. No organisation wants to risk being exposed to or involved in fraud or money laundering, much less become an inadvertent funding body for terrorist activity. Simply sign up with QGen and feel the benefits of working with a global leader in trusted compliance and customer support. ➡️ To learn more about how we can benefit your company, click the following link: https://lnkd.in/dCPfMwVr #QGen #QLive #qgen #realtime #liveverification #verification #humanverification #complianceservices #reliability #riskmanagement #aml #amlawareness #amlcompliance #credibility #security #safety

An eye-opening incident in Hong Kong displaying the dangers of deepfake technology in the hands of malicious actors. This case demonstrates how risk exposures can evolve with technology, and highlights the importance of ensuring insurance coverage remains fit for purpose. #crime #insurance #socialengineering #deepfake https://lnkd.in/g25b88di

This study provides solid insight on the impact of data vulnerabilities on risk management and insurance policy procurement. What happens when an attack actually happens, though? Our Incident Response team is the first line of defense when a breach happens, and offers the critial help needed in the first 48 hours before insurance agencies are able to investigate. Additionally, Gap Assessments and Security Advisory Services can help you deter, identify, and remedy threats, increasing your overall cyber maturity. Lockstep Technology Group

Join us for an exclusive event, "Risk Ready: Closing the Economic Crime Circle," where we delve into how data and technology are driving the fight against fraud and financial crime. Presented by LexisNexis® Risk Solutions alongside industry experts from the financial sector, this event offers unique insights into regulatory updates and innovative approaches adopted by financial institutions globally and within New Zealand. Key topics include: - Understanding the role of mule accounts in digital banking fraud. - Exploring the intersection of fraud and anti-money laundering (AML) efforts. - Examining how progressive organisations leverage data and technology to combat illicit financial activities. - Showcasing real-life examples and success stories from around the world and closer to home. - Panel discussion summarising insights and providing an outlook on fraud management strategies. Don't miss this opportunity to gain valuable knowledge and practical strategies to tackle the evolving challenges of fraud management in the dynamic New Zealand market. 🔗 Register now and secure your spot! https://lnkd.in/gUWsDmbU

When it comes to payment #fraud prevention, the best approach is to be proactive – not reactive. Having a plan to prevent fraud is critical for compliance and protecting your business reputation. Learn about the tools you can leverage to manage risk and fraud 👉 https://bit.ly/45ELt37

Fraud + AML (FRAML) is on the rise in Thailand. 57% increase in fraudulent SMS messages and 48% Thai nationals experienced fraud* One of the common fraud tactics is the infamous Boiler Room scam. In 2022, Booth orchestrated a boiler room scam, resulting in the theft of $8 million from 140 victims worldwide. This international boiler room scheme, based in Thailand, featured fraudsters posing as registered brokers from Wall Street firms, luring investors with high-pressure tactics and promises of lucrative returns. 🔍 How it Works: Boiler Room scams typically involve criminals persuading individuals, often via phone or email, or over social media nowadays, to invest in worthless or non-existent schemes, enticing them with the prospect of substantial profits. Key Red Flags: 🔹 Unsolicited pitches 🔹 Aggressive sales tactics 🔹 Pump and dump strategies 🔹 Unlicensed promoters The AFC Ecosystem is equipped with scenarios to detect Boiler Room scams, including ✅ Multiple transfers to a single beneficiary ✅ Large overseas remittances to/from tax havens/high-risk jurisdictions ✅ First-time senders unrelated to beneficiaries Remain vigilant and stay tuned for more insights on the latest typologies from our #AFCEcosystem. Be a part of the community that jointly fights fincrime. #FraudAlert #AMLCompliance #BoilerRoomScam #Thailand #AFCEcosystem