An insider at India’s Punjab National Bank paved the way for $1.8 billion in fraudulent transactions. The Reserve Bank of India, the nation’s central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions. Experts say that banks can help fight against insider threats by leveraging proper governance and risk management controls and considering the use of new technologies, such as user and entity behavioral analytics, as well as blockchain. The central bank has repeatedly urged banks to follow proper security mechanisms.”]
Source: https://www.fraudtoday.io/mitigating-insider-threat-lessons-from-pnb-fraud-case-a-10674