Three insider fraud schemes at banks in Minnesota, Texas and California illustrate how difficult it is for institutions to thwart inside jobs. Fraud-detection systems that monitor employee behavior can play an important role, experts say. Many institutions have found it challenging to trace fraud back to one individual or a group of individuals, which has made reporting fraud to law enforcement challenging. Some institutions have been reluctant to report fraud for fear of damaging their reputations, expert says. Banks face pressure to step up their technology investments and adopt practices that can detect internal fraud.”]
Source: https://www.cuinfosecurity.com/cracking-down-on-insider-fraud-a-4985