The Intelligence Download
The Intelligence Download - Zurich’s views on insurance fraud Pt2

The Intelligence Download - Zurich’s views on insurance fraud Pt2

May 8, 2019

Insurers – and their customers – are changing at breakneck pace these days. Organised fraudsters are more than keeping up.

In this second of two podcasts, Scott Clayton, Head of Claims Fraud at Zurich, and Cate Wright, BAE Systems Insurance Product Manager draw on their extensive experience of countering fraudsters in discussion with host Ben Tudor.

The Intelligence Download - Zurich’s views on insurance fraud Pt1

The Intelligence Download - Zurich’s views on insurance fraud Pt1

May 1, 2019

Insurers – and their customers – are changing at breakneck pace these days. Organised fraudsters are more than keeping up.

In the first of two podcasts, Scott Clayton, Head of Claims Fraud at Zurich, and Cate Wright, BAE Systems Insurance Product Manager draw on their extensive experience of countering fraudsters in discussion with host Ben Tudor.

The Intelligence Download - Insurance Fraud Trends

The Intelligence Download - Insurance Fraud Trends

March 12, 2019

Many of the challenges you face when fighting insurance fraud are shared by your peers across the world. Yet there are subtle – but important – variations when it comes to the way these trends affect insurers in different countries.

In this new podcast, two of BAE Systems leading counter-fraud minds – Cate Wright and Dennis Toomey – discuss the differences between UK and US approaches to tackling fraud.

The Intelligence Download - Following the thread Part 2

The Intelligence Download - Following the thread Part 2

February 18, 2019

After the events detailed in The Thread, banks, institutions and cyber experts were quick to respond. But what does the future hold?

In this podcast SWIFT Chief Security Officer Karel De Kneef and BAE Systems Cyber Security Consultant Szu Ho join host Ben Tudor to discuss the future threats to financial markets. The topic is covered in further detailed in a joint report from SWIFT and BAE Systems, The Evolving Advanced Cyber Threat to Financial Markets.

The Intelligence Download - Following the thread Part 1

The Intelligence Download - Following the thread Part 1

January 25, 2019

In the months after the attack on Bangladesh Bank, cyber security and financial institutions and experts responded. What did they learn, how did they change their approach and what lessons can other industries learn?

This episode of the Intelligence Download looks at how both the cyber security and financial sectors responded to the new attacks on banks, and how it changed the way that financial institutions protected themselves.

James Allman-Talbot, Head of Incident Response at BAE Systems, and Stephen Blackburn, Senior Financial Crime Consultant talk to host Ben Tudor about the lessons learned and the future for financial institutions.

The Intelligence Download - SARs: Sifting Sand for Gold

The Intelligence Download - SARs: Sifting Sand for Gold

December 6, 2018

Suspicious Activity Reports are a divisive issue for banks. They’re often regarded as a futile chore by those that file them, and a potentially harmful administrative burden for compliance officers.

Speak to someone in Law Enforcement, however, and you’ll get a very different story. Hear what former FBI Special Agent Gregory Coleman had to say about the value of SARs in this conversation with Stephen Blackburn, a Senior Consultant at BAE Systems, hosted by our Content Editor Ben Tudor.

The Intelligence Download - Insurance Fraud Crystal Ball

The Intelligence Download - Insurance Fraud Crystal Ball

November 27, 2018

Discussing the future and referencing the past in insurance fraud. How can InsureTechs help and why is machine learning an important tool. 

With the constant pressures on Insurance companies to meet and exceed customer expectations, how do they cope and compete to win customers and how can they beat fraudsters. 2018 was a busy year for the insurance fraud industry. What will 2019 be?

Sital Shah and Cate Wright from BAE Systems discuss these pressures and what the future may look like in 2019.

The Intelligence Download - 100 Days to Defeat Silos

The Intelligence Download - 100 Days to Defeat Silos

November 6, 2018
Holly Armitage and Chris Blood, data strategists at BAE Systems, talk about the practical steps banks need to take to share intelligence between their Fraud, Cyber and Compliance teams. Holly and Chris have seen and tackled this across both the public and private sector, and talk about how banks can take concrete first steps within 100 days – and how some of the toughest challenges they will overcome will be human and cultural.
 
For more information on this challenge – and to see Holly and Chris’ 100 day timeline for tackling silos – go to https://www.baesystems.com/problemshared
The Intelligence Download - FT FinCrime Forum: Regulation, Recruitment, Relationships

The Intelligence Download - FT FinCrime Forum: Regulation, Recruitment, Relationships

October 23, 2018

At our recent exclusive briefing hosted by the Financial Times, experts from Red Lion Chambers, HSBC, the Financial Conduct Authority, the Financial Times, the Insurance Fraud Bureau and BAE Systems debated how best to build resilience against changing criminal strategies amidst a changing regulatory environment.

 

Participants, L to R

Moderated by: Barney Thompson, Legal Correspondent, Financial Times

Jonathan Fisher, QC, Red Lion Chambers

Stephen Dalton, Head of Intelligence, IFB

Jennifer Calvery, Global Head of Financial Crime Threat Mitigation, HSBC

Alison Barker, Director of Specialist Supervision, Financial Conduct Authority

Rob Horton, Head of Financial Crime Solutions, BAE Systems

Topics:

Regulation, Recruitment, Relationships: building resilience in financial services

  • What is the role of financial regulators in protecting the system? Regulatory changes over the last decade have been designed to bolster and stabilise the banking sector – but how are these legislations impacting financial crime?
  • How can collaboration between financial institutions, law enforcement agencies and their corporate customers be improved to combat fraud and financial crime? What do new regulations mean for information-sharing between these organisations?
  • Have the challenges of compliance to existing complex regulatory requirements – AML and KYC as well as data protection – been met? How?
  • What is the national strategy for protecting banks, insurers and other financial services firms from financial crime? How are areas of government working with businesses to ensure that the financial ecosystem has adequate legislative, technical and cultural support? Is it possible to develop one policy framework that can be applied across a range of threat vectors?
The Intelligence Download - FT FinCrime Forum: The Current Threat Landscape

The Intelligence Download - FT FinCrime Forum: The Current Threat Landscape

October 23, 2018

At our recent exclusive briefing hosted by the Financial Times, we heard about the current threat landscape from experts at RUSI, Standard Chartered Bank, the FT and our own Threat Intelligence team.

Find out what our panel thought of the current shape of cyber threats, the tactics, techniques and procedures they use, challenges for banks, insurers and other financial services and current attack and fraud scenarios.

Participants, L to R

Moderated by: Caroline Binham, Regulation Correspondent, Financial Times

John Cusack, Global Financial Crime Head, Standard Chartered Bank

Tom Keatinge, Director of the Centre for Financial Crime and Security Studies, RUSI

Robert Hannigan, Special Advisor on Cyber Security, Hiscox and Executive Chairman Europe, BlueVoyant

Saher Naumaan, Threat Intelligence Analyst, BAE Systems

Topics:

The Current Threat Landscape

  • What do cyber threats look like today? Where are they coming from, how are they different, and how do they apply to financial services?
  • Tactics, techniques and procedures: what are the latest TTPs used by cyber attackers for monetary gain, and how can the financial industry arm itself against them?
  • What kind of fraudulent scenarios are enabled by the current threat landscape, and which are emerging as the biggest challenge for banks, insurers and other financial service firms?
  • The geopolitical factor: how will developments like Brexit heighten the risk of financial crime in the UK? How might they impact cross-border attempts at detection and attribution?