© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA
Posted 12th March 2015

Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA

Fraud detection and prevention has been cited as one of the biggest fraud challenges faced today.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA
Image

Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA

Fraud detection and prevention has been cited as one of the biggest fraud challenges faced today and in the near future in a poll of delegates who attended Experian’s recent Future of Fraud and Identity event.  Nearly a third (31%) believe this to be the case.

Online fraud (22%), fraud data sharing and collaboration (19%) and identity fraud (15%) also featured highly as issues to be tackled over the coming years by delegates from more than 68 organisations in the telecom, finance, insurance and e-commerce sectors across EMEA, who gathered at the event in Madrid last month. 

The event was held as part of Experian’s Global Fraud and Identity Conference series and was designed to help organisations mount a stronger defence against the growing threat of fraud.

More than 100 delegates from 68 organisations attended the event which gave them the opportunity to have an exclusive and interactive conversation with Ori Eisen, founder of 41st Parameter (now part of Experian), and Frank Abagnale, author, lecturer and consultant, and one of the world’s foremost authorities on financial crime and fraud. Frank also captivated delegates with his life story, the inspiration behind the movie, book, and Broadway musical ‘Catch Me If You Can’.

Highlights from the conference included:

  • Notorious hacker and cyber-security expert, Chema Alonso, providing a hacker’s perspective;
  • A representative from the Ministry of the Interior, Government of Spain, discussing cyber-security challenges in Spain;
  • José Rodriguez, Chief Inspector, Financial Fraud Section, National Police Corps of Spain, talking about fighting the globalisation of cybercrime;
  • Ori Eisen, founder of 41st Parameter revealing how technology can be used to address major trends in cyber-security.
  • Charles Butterworth, Managing Director, Experian, on Experian’s fraud and identity strategic roadmap;
  • Daniel Zelenski, Managing Director, New Market Development, Experian, EMEA, on Experian’s National Fraud Prevention Scheme, and how businesses can work together to tackle fraud;
  • Chris Thomas, Director of Fraud Sales, EMEA, Experian, who led an industry panel discussion on digital evolution and the impact of fraud on the business models across multiple business sectors.

Speaking at the Future of Fraud and Identity event in Spain, Charles Butterworth, Managing Director, Experian, EMEA, said: “It was a great opportunity to be able to bring together so many leading organisations in EMEA to discuss the pressing global issue of fraud, and to gain a real understanding of the fraud challenges facing all industry sectors. Today’s tough economic climate is driving a surge in first party fraud for many organisations, whilst identity theft, the sophistication of fraudsters and cybercrime are also on the increase. Experian offers a range of fraud and identity products and services and we work closely with clients to take a strategic approach to fraud risk management and develop a multi-layered strategy that is commensurate with risk and value throughout the business.”

Categories: Legal, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Why digital could be the saviour of the UK high streets
Innovation
19/07/2019Why digital could be the saviour of the UK high streets

Time does not seem to be the best healer when it comes to the plight of UK high streets, with major retail losses making headlines in many national newspapers.

Read Full PostRead - Eye Icon
SolarReserve
Innovation
06/05/2015SolarReserve

SolarReserve is a leading global developer of utility scale solar power projects These include electricity generation by solar thermal energy and photovoltaic panels.

Read Full PostRead - Eye Icon
CTC Media, Inc. Announces Receipt of Final Tranche of Purchase Price for Business Sale
Finance
12/02/2016CTC Media, Inc. Announces Receipt of Final Tranche of Purchase Price for Business Sale

CTC Media, Inc. announced today that it has received the final tranche of the purchase price for its sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC to UTV-Management LLC.

Read Full PostRead - Eye Icon
Transforming the Pharmaceutical Landscape
Innovation
03/04/2018Transforming the Pharmaceutical Landscape

Sintetica S.A. is a pharmaceutical company delivering injectable anaesthetics and analgesics to patients worldwide through innovative science and excellence in development, production and marketing.

Read Full PostRead - Eye Icon
A Customer Centric Attitude Towards Cyber Security
Innovation
09/08/2022A Customer Centric Attitude Towards Cyber Security

SecurityHQ is a Global Independent MSSP that detects and responds to threats, instantly. As your security partner, we alert and act on threats for you.

Read Full PostRead - Eye Icon
How Warranties Improve Customer Service
News
24/02/2023How Warranties Improve Customer Service

Any business that sells high-value products should offer a warranty with each purchase to consumers. There are a few reasons why warranties are beneficial for both businesses and consumers, and you should find that it helps to increase sales for any high-value

Read Full PostRead - Eye Icon
The History and Basics of Cost Segregation (Cost Seg)
Finance
22/02/2023The History and Basics of Cost Segregation (Cost Seg)

Cost segregation has a long and varied history, with its roots stretching back to the late-1800s. The concept was initially used as a way to help business owners save money on their taxes by splitting assets into different categories and leveraging the varying

Read Full PostRead - Eye Icon
Offsite Team Building: Does Your Company Need It?
News
30/01/2023Offsite Team Building: Does Your Company Need It?

Team building is, in the broad sense of the term, the process of forming and improving a team. Ideally, this is a complex of diverse activities aimed at forming an effective team, competent distribution of roles, and productive interaction of team members.

Read Full PostRead - Eye Icon
Bridging the Gap: How Fractional CFOs Offer Big Business Insights for Small Companies
News
07/02/2024Bridging the Gap: How Fractional CFOs Offer Big Business Insights for Small Companies

There are fewer barriers to starting a small business than ever today, but owners and founders often face one core problem when trying to scale beyond the sole proprietor startup face – they need top-tier financial expertise but don’t have the resources to



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow