FRAUD detection and prevention is the biggest challenge facing companies trading in the Europe, Middle East and Africa (EMEA) regions.
This was the finding of a poll of delegates attending business intelligence specialists Experian’s Future of Fraud and Identity event with 31% believing this was their chief future threat to trade.
Online fraud topped 22% of the delegates fears while fraud data sharing and collaboration worried 19% and identity fraud was the chief concern for 15%.
Abagnale also captivated delegates with his life story, the inspiration behind the book, Broadway musical and film starring Leonardo DiCaprio, Catch Me If You Can
The event was held as part of Experian’s Global Fraud and Identity Conference series and was designed to help organisations mount a stronger defence against the growing threat of fraud.
More than 100 delegates from 68 organisations attended the event, which gave an opportunity to have an exclusive and interactive conversation with Frank Abagnale, author, lecturer and consultant, and one of the world’s foremost authorities on financial crime and fraud. Abagnale also captivated delegates with his life story, the inspiration behind the book, Broadway musical and film starring Leonardo DiCaprio, Catch Me If You Can.
Speaking at the event in Spain, Charles Butterworth, managing director, Experian, EMEA, said: “It was a great opportunity to be able to bring together so many leading organisations in EMEA to discuss the pressing global issue of fraud, and to gain a real understanding of the fraud challenges facing all industry sectors. Today’s tough economic climate is driving a surge in first party fraud for many organisations, whilst identity theft, the sophistication of fraudsters and cybercrime are also on the increase. Experian offers a range of fraud and identity products and services and we work closely with clients to take a strategic approach to fraud risk management and develop a multi-layered strategy that is commensurate with risk and value throughout the business.”
This week Experian launched a fraud campaign in EMEA to raise awareness of how Experian works with businesses to develop a strategic response to fraud that enables them to define a strong fraud risk strategy; identify and prevent fraud; and review and improve existing fraud strategies to keep up with current and emerging threats.
