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ECCTA Fraud Risk Analysis - Approach Considerations

Conducting a robust fraud risk analysis requires managers to define an appropriate scope, develop a comprehensive understanding of resources, business processes, and activities, estimate the likelihood and impact of risks using an appropriate risk matrix, and align existing controls with identified fraud risk factors. Ultimately, this enables an evaluation of the effectiveness of existing controls to support regulatory compliance.

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Daniel Waltham

Daniel Waltham
Responsible for leading client relationships and new business sales. Dan takes a lead role in customer engagement, identifying, creating and designing solutions to help our customers with risk and regulatory challenges. 13 years of experience working with financial services businesses across risk, compliance, data protection and regulatory change.

Recent Posts

8 Reasons your recruitment process isn’t working out for you

1. Your internal recruitment metrics focus on the wrong KPIs In our article on the hidden costs of recruitment, we argued that retention was the true metric for successful executive recruitment. ...

Topics: Insurance Sector

November 7, 2019
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Why I’m no longer putting names on candidates CVs

FourthLine consultant Andrew Barrett takes a look at the discrimination people may face when applying for jobs, and explains why he's taken the decision to no longer put candidate names on CVs. November 6, 2019
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The Hidden Cost of Poor Recruitment Processes

FourthLine Director Dan Waltham considers why we don't pay more attention to our retention rates and continue to make bad hires, when the cost of poor recruitment is so high... November 1, 2019
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Investments in Legal Tech hits record high

In the last few years, the growth of investments in legal tech companies were not high. But in 2018, there happened to be explosive growth and the total amount of investment became greater than ever ...

Topics: Insurance Sector

October 31, 2019
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The Great Hack - Exposing how Data is the most valuable commodity on Earth

FourthLine's Lauren Webber considers what Netflix's 'The Great Hack' could mean for the Data Protection industry.

Topics: Insurance Sector

August 29, 2019
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The challenges of being a DPO within a global retailer

We interviewed Tarun Samtani, Global DPO at Boden, to discuss the challenges he faces within his role as a DPO at a global retailer that's undergoing a period of sustained growth. May 23, 2019
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It's all about the Target (risk assessment)

Daniel Roberts examines why Risk Managers must look beyond Gross and Net risk positions to consider the importance of the Target risk position.

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

April 5, 2019
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Why Inherent and Residual Risk are Inadequate: What is the Appetite?

Too often the practice of internal auditing, when performing risk assessments, looks at Inherent Risk (the level of risk before any remediation) and Residual Risk (the level of risk after ...

Topics: Investment & Asset Management, Insurance Sector, Retail Finance

February 8, 2019
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