IPSO Card Services holds Fraud Prevention Members' Seminar
The IPSO Card Services Fraud Prevention Members' Seminar drew speakers from a range of industry backgrounds providing insight on enterprise fraud and recent fraud trends while focusing on e-crime prevention. The seminar attracted a record attendance level and feedback to date has been very positive.
In 2009 the total value of fraud lost to the retail banking industry is estimated to have cost approximately €16.7million. Chip & PIN continues to keep frauds such as skimming, counterfeiting and lost/stolen fraud to a minimum but unfortunately the criminals continue to find new areas to target and currently the predominant sector is e-commerce. Card Not Present (CNP) fraud continues to be the biggest issue with 74% of all fraud losses in 2009 relating to this type of fraud.
The Card Fraud Forum is the specialist fraud task force run under the auspices of IPSO Card Services, which collates industry fraud loss figures so that new fraud trends can be measured and the highest risk areas targeted. The purpose of the group is to share fraud data, best practice guidelines and to develop solutions to specific fraud issues.
| Topic | Speaker |
|---|---|
| Welcome and Introduction Introducing attendees and speakers |
Úna Dillon Head of IPSO Card Services |
| eCrime and current vulnerabilities Providing an overview of current issues facing Irish banks and their customers |
Úna Dillon Head of IPSO Card Services |
| Enterprise Fraud Management Covering all aspects of Mergers / Acquisitions, consolidation and the difficulties faced when integrating different fraud management systems |
Jackie Barwell Manager of Financial Crime Products, Actimize |
| Current Trends Case study: an overview of one member’s current fraud trends |
Gerry Gibson Manager Group Fraud Prevention Unit, Bank of Ireland |
| Ecommerce Perspective on Fraud Payment and fraud trends from an ecommerce viewpoint |
Keith McCabe Realex Payments |
| GBFI Case Study Describing a recent criminal case and the outcome of the GBFI investigation, outlining the benefits of continued police and payments industry cooperation |
Denis Heneghan Detective Inspector, Garda Bureau of Fraud Investigations |
Further Information:
For further information, please contact Úna Dillon, Head of IPSO Card Services, 01 663 6740 or e-mail: info@safecard.ie
