Many companies worldwide lose huge amounts of money every year due to fraud offenses. Ecuadorian Condor Insurance Company sponsored a talk by the speaker Nancy Triana, who is manager of financial lines at the Guy Carpenter company in her native Colombia. She spoke about insurance fraud or similar electronic media for financial institutions.
The most common types of losses that occur include ongoing embezzlement of funds by an employee for many years, fraudulent instructions sent by electronic means, operations for private gain in selected accounts of customers and suppliers, securities or other presentation of forged or stolen documents.
“Entities that have web pages on the Internet must have a computer system that is updated daily to protect all the new forms of viruses and scams that are created. Today the growth of such attacks through phishing and hacking, has increased by 300%, more and more people are involved in committing fraud via Internet and all computer systems. People don’t want to go line up in banks if they can perform the same procedure in a minute by clicking a couple of times,” said Triana.
“The important thing is to invest in computer security, an important resource is ‘Ethical Hacking’, who are experts on the tests to see what flaws are the websites of the companies.”
As for companies that are managed entirely online, and make sales through the web, Triana said that these entities have agreements with portals specializing in handling payments. “That site is like the meeting point between the consumer and the company, it has preset global securities that will ensure that the transaction is successful and free of fraud.”