A-Z of Internal Banking Fraud


About this white paper

Frauds carried out by bank employees are a huge global problem. In its 2020 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) assessed 2,504 cases of internal fraud from 125 countries, which led to estimated losses of $3.6bn. Banking and Financial Services accounted for the largest share of internal fraud cases examined by the ACFE, with 15.4% of the total.

The A-Z of Internal Banking Fraud highlights the scale of this problem and the different vulnerabilities that internal fraudsters exploit and explains how advanced anti-fraud technologies can combat it. Bank employees are uniquely well placed to discover and take advantage of weaknesses in their organization’s internal controls – perhaps by abusing their level of access to the bank’s IT systems or by targeting dormant accounts. 

Download this white paper to understand:

  • Recent internal banking fraud use cases
  • Best practices for internal banking fraud prevention
  • How machine learning helps fighting internal fraud