Chris Skinner contemplates payments risk and fraud prevention in anticipation of his Oxford Society style debate at the Financial Services Club (London). In preparation, he's posted the text of a speech on risk management.
After the debate he'll post more (His post-debate write up is here). For now, here's an excerpt:
I would claim that, today, information about money is more important
than money itself. These days, instead of robbing bank branches, I just
need to thieve identities, account numbers and passwords.
Until we resolve this conundrum, we will be stuck in this
never-ending vacuum of more and more electronic payment volumes
growing, with increasing risks of those payments being fraudulent.
Read the rest: