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Using Big Data to Detect and Reduce Fraud
9 April 2014
Using Big Data to Detect and Reduce Fraud

Fraud is a collaborative criminal issue that requires a collaborative response and so Big Data can have a significant role in enabling organisations to detect and prevent criminal activity.

Delegates of this master class will be introduced to the current fraud and cybercrime landscape which is having an impact to both public and private sector organisations worldwide. Through a series of interactive discussions delegates will learn how the proceeds of fraud is funding global criminal activity and understand the motivations behind the networks that are collaboratively causing disruption to websites, business operations, and critical infrastructure.

There are many challenges in ensuring that organisations are sufficiently equipped to deal with big data in the context of fraud prevention. From a legal and regulatory perspective there are complex considerations to understand when it comes to implementing solutions.

Working under the Chatham House rule, attendees will be encouraged to share experiences on various aspects including detection, prevention, tools and intelligence sharing.
 

Masterclass agenda

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8:30

Registration & Coffee

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9:00

Key Factors Surrounding Cybercrime & Fraud

This session will introduce the core issues and challenges. As a group we will examine what constitutes fraud, what are the causes, costs and effects to an organisation. Via a case study the group will learn how cybercrime, fraud and money laundering are often intertwined.

 

In order to understand the benefits of making use of big data to combat fraud we also must examine the true costs of cybercrime and fraud and look at how fraud can be integrated into the overall risk policies for your organisation.

 

Finally we will examine current trends and the threat landscape including social media risks, cloud computing, BYOD, internal and external threats.

 

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10:30

Morning Coffee

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10:45

Tools & Technology

There is an explosion of tools, technology and data sources which can be used to monitor fraud and cybercrime risks. This session will examine the latest approaches to authentication in the online channel, opportunities to collaboratively share data and intelligence for mutual benefit and challenges in bringing disparate data and services together to allow us to turn information into actionable intelligence.

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12:15

Lunch

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13:15

Compliance, Regulation, and the Law

There is a rapidly evolving regulatory landscape which is of specific relevance when implementing big data and counter-fraud strategies. In this session we will discuss current and future changes with regards to privacy & data protection, the 4th EU Money Laundering Directive (4MLD), PCI-DSS v3.0 and other security standards and frameworks.

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14:45

Coffee Break

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15:00

Operational Challenges

Complex I.T. projects are full of hazards and it is often difficult to get senior management buy-in for fraud prevention tools. In this session we will examine roles and responsibilities for cyber security and fraud prevention along with the definition of relevant policies and response plans.

 

Finally we will look at approaches for implementing new processes, tools and solutions. How to ensure success via effective collaboration across an organisation and how to ensure you have the right KPIs in place to monitor the effectiveness of big data solutions.

 

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16:30

End of Masterclass

Holiday Inn Bloomsbury

Coram Street
London WC1N 1HT
United Kingdom

Holiday Inn Bloomsbury

Holiday Inn London-Bloomsbury is just 2 minutes' walk from the Tube at Russell Square station, for speedy connections across the capital. We're 10 minutes by bus from Eurostar connections at St Pancras station, and a 45-minute taxi ride from London Heathrow Airport. Check into your stylish Guest room, air-conditioned and connected to wireless Internet.

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WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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UK Office
Opening Hours: 9.00 - 17.30 (local time)
SAE Media Group , Ground Floor, India House, 45 Curlew Street, London, SE1 2ND, United Kingdom
Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
Website: http://www.smgconferences.com Email: events@saemediagroup.com
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