Risk lurks behind every decision and action in the business world. The possibility of unexpected outcomes and undesirable effects is a constant shadow that decision-makers must face. How do they navigate the fear of the unknown and the absence of certainty? The answer lies in risk management. Risk management is a proactive approach to identifying, […]
Account Takeover Fraud (ATO) attacks have doubled in the past 2 years. Fraudulent logins account for more than 65% of fraudulent activities in the Nigerian financial ecosystem (Nibbs, 2019). Credential stuffing attacks are at all-time highs, costing the banking industry well over N15.5 billion over the past 4 years (StearsBusiness, March 2022). A majority of […]
ATM Dispense Error Manager Saves Losses and Improves Customer experience from Failed ATM Withdrawals
What if your Bank could monitor and proactively reverse failed customer ATM withdrawals without requiring the Customer to walk into the Bank Branch to lodge failed ATM complaint? What if you could effectively prevent such incidents from hampering your relationship with your customers, earning their solid confidence in your bank’s product offerings? While this sounds […]
In the last three years, AI-driven fraud detection and prevention has become increasingly prevalent in the financial ecosystem. A high total of thirty-three thousand, six hundred and forty-one (33,641) cases of fraudulent activities were reported in the second quarter alone of 2021 (NIBBS second quarter fraud report,2021). Although there has been a 43.41% decrease in reported fraud […]
Integrating networking and Security to provide immediately and continued access to the network and cloud-based resources from any location, any device at any time. As work environments have evolved so have user behaviour and endpoint protection requirements. Users no longer access information from a dedicated station within a predefined network parameter confined to a corporate […]
As the digital and mobile world has expanded, the need for identity and access management (IAM) has grown. We live in a day and age where we are connected all the time. Whether that be through our work, social media, or devices – we’re constantly being consumed by the digital world. With such constant connectivity comes a […]
We are all familiar with the old saying “garbage in, garbage out” (or “GIGO” for short). That phrase has been around since the early days of computing, but in this era of high-volume data, advanced analytics and artificial intelligence, it takes on a much greater significance than ever before. Modern business intelligence systems can process […]
If you’ve started your path to process automation with RPA, chatbots, AI, Workflow Automation, or BPM, then it’s worth considering where you’re headed. Here are 10 key success factors to accelerate your automation processes and maximize your ROI, along with a complimentary download of our Automation Suite Maturity Assessment Tool: 1. Keep your business goals in mind to plan […]
With the current rise in the number and frequency of cyber-attacks globally and in Nigeria, it has become important for IT security managers to review their defence strategies. One of the most vulnerable and yet most ignored segments of cybersecurity is the management of privileged accounts. If you are a security manager, you need to […]
In a bid to curtail the rising cases of cyber-attacks in Nigeria’s financial service sector, ActivEdge Technologies, a Pan-African IT Solutions Provider with headquarters in Lagos, alongside Fortinet, a cybersecurity platform, has announced plans to organise a symposium on how cybersecurity technologies can mitigate risk. The financial services sector is a high-value target for cyberattacks and […]