Archive for Dec, 2017

Who can see your data? ☠

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You’ve seen it: high-profile hacks have taken over the news. There’s so much that can be done with data gathered through KYC compliance, but you’re always looking at that dreaded data breach.

We’ve asked our AML experts for their input on the best ways to prevent any sneak-peaks on client and company information:

  • Decentralise your data – Determine who needs access to what, and enforce it. Don’t give fraudsters an easy grab.
  • Give your clients control of their own information – If they can decide what to do with their information, you won’t be risking open access to any data lakes (or swamps!)
  • Move towards a real-time transaction monitoring model – Catch fraudulent transactions while they happen. Build this into your long-term strategy to stop them before they can disappear.

None of these will be a one-size-fits-all strategy, but these are all important steps to take in building out your defences.

If you want to help shape fraud prevention and data privacy strategies, join us at the KYC & AML Summit on 7 March in London. This event will bring top FS executives together to discuss how they are overcoming their biggest AML challenges today.

Visit the website | See speakers confirmed

Super Early Bird! Book by 22 December to pay only £599*

Contact our customer service team on +44 (0)20 3397 7458 or email us on info@eventcreationetwork.com

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