TITLE

Crime-Fighting Budgets Awake from Hibernation

AUTHOR(S)
Adams, John
PUB. DATE
March 2011
SOURCE
Bank Technology News;Mar2011, Vol. 24 Issue 3, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses research survey results from Norkom Technologies on fraud and financial crimes. It states that criminal activity did not stop during the economic downturn but caused heavier losses financially, were more sophisticated and included hybrids of external operations mixed with insider fraud. It also reveals that attention to anti-money laundering and anti fraud technology increase and that a new wave of anti-money laundering projects are expected.
ACCESSION #
59436127

 

Related Articles

  • Norkom, IBM Deal Could Herald Compliance Consolidation. SANDMAN, JOHN // Securities Industry News;10/6/2008, Vol. 20 Issue 35, p8 

    The article reports that Dublin, Ireland-based Norkom Technololgies is teaming up with IBM Corp. to offer a comprehensive approach to combat financial crimes by supplying software to institutions acrosss the financial services industry. Aside from covering anti-money-laundering (AML) compliance,...

  • Iceland Banks to Use Norkom Software. Wolfe, Daniel // American Banker;7/6/2006, Vol. 171 Issue 128, p12 

    This article reports on the Central Bank of Iceland and three banking companies in that country that have agreed to use anti-money laundering software from Norkom Technologies Inc. The agreements, which the Boston, Massachusetts, vendor announced, were negotiated through the Icelandic Banks Data...

  • Fighting fraud with Equifax.  // Credit Management;Jun2003, p17 

    Reports on Equifax Inc.'s expansion of its dedicated fraud team in an effort to crack down on the growing threat of fraud and money laundering. Identification of key growth areas of fraud that are causing the biggest problems for the credit industry; Company's development of its range of...

  • Trust and private bankers encouraged to watch for fraud schemes. Fraser, Katharine // American Banker;1/31/1997, Vol. 162 Issue 21, p12 

    Highlights PNC Bank Corp. vice-president Louis J. Sozio's discussion of the need for private bankers and trust officers to step up efforts to protect their banks against fraud, during a conference sponsored by the American Bankers Association. Schemes used by money launderers to victimize...

  • Standard Chartered rolls out integrated fraud detection and compliance software. Annesley, Christian // Computer Weekly;10/11/2005, p10 

    The article reports that Standard Chartered PLC is rolling out integrated fraud detection and compliance software to standardise risk management across its global operations. The move will also enable savings through economies of scale. The bank is adopting a range of anti-fraud modules from...

  • Ripped off! MacDonald, Diane; Sensel, Jean // Entrepreneur;Jun94, Vol. 22 Issue 6, p136 

    Discusses points for avoiding fraudulent transactions with vendors and contractors. Anxiety of entrepreneurs to protect their profit margins; Difficulty of litigating small claims; Risks of spontaneous purchases; Need of checking references. INSET: Getting yours..

  • Inside job: guarding against business fraud.  // Northern Ontario Business;Aug2012, Vol. 32 Issue 10, p5 

    The article offers guide to prevent business fraud.

  • IRISH ANTI-FRAUD FIRM BUYS VA.-BASED COMPANY.  // CardLine;8/3/2007, Vol. 7 Issue 31, p23 

    The article reports that Ireland-based Norkom Technologies, which sells software designed to prevent card fraud, identity theft and related problems, said it has bought Digital Harbor, which sells risk and compliance products to financial institutions. The $36.5 million deal allows Norkom to...

  • Preventing Credit Card Fraud. Hearn, Ann Marie // Business Forum;Spring86, Vol. 11 Issue 2, p8 

    Discusses solutions being considered to prevent credit card fraud in the United States. Use of so-called smart cards; Development of cards with a special watermark to prevent counterfeiting; Ways in which a criminal gets a legitimate account number; Advancements in credit card fraud deterrence...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics