Governance & Risk Management , Insider Threat
Insider Fraud: Leveraging Behavior Analytics and Data
Raina Verma of Majid Al Futtaim, Retail on How to Include Contract Employees in Fraud Strategy
For Raina Verma, head of fraud and forensics at Majid Al Futtaim, Retail, a holding company in Dubai that manages hotels and retail chains, data continues to be an important tool to uncover insider fraud. She shares her experience on how best financial institutions can handle insider fraud.
See Also: The Hidden Threat: Understanding Insider Risks
"An organization should leverage data on session login, vendor data, behavior analysis, leaked credentials from the dark web, and data insight into new accounts opened," she says. She also calls for more collaboration between AML and fraud teams. (see: Data Analytics to Tackle Insider Fraud)
In a video interview with Information Security Media Group, Verma also discusses:
- Why special attention needs to be paid to contract employees;
- Why data needs to be leveraged in the right manner;
- Tips to better handle insider fraud.
Verma is head of fraud and forensics at Majid Al Futtaim, Retail. She has extensive experience in internal audits, fraud risk management, investigations, regulatory compliance and anti-money laundering. She established an anti-fraud function at National Bank Fujairah in her role managing financial crimes.
