This new era of customer-centricity requires that organizations prioritize security against all kinds of frauds while providing a good customer experience and the road to stronger security involves close partnership among all the stakeholders including the internal employees as well as the externals such as banks, payment gateways and regulators, to preempt and avoid cybersecurity incidents and other such frauds. Majority of organizations believe that their organization has become more vulnerable to fraud in the past one year where Theft of physical assets was considered the most common fraud and Vendor, supplier or procurement fraud being at 17% and the focus area identified to be of particular concern, is information theft. Most senior executives believe that they are highly or moderately vulnerable to information theft risks. Instead of focusing exclusively on how to enhance security at the backend, organizations will need to reimagine security from the customer's perspective.
Anti-Fraud Conclave & Awards Roadmap for Secure Decade brought to you by Achromic Point in Mumbai on 06th March 2020 at Hotel Orchid. AFC 2020 would endeavour to bring a more nuanced and granular discussion around establishing an Anti- Fraud Culture & detecting and preventing of the fraud risk that is driving policing approaches to fraud in the corporate sector of the country.