Governance & Risk Management , Insider Threat

Insider Fraud: Leveraging Behavior Analytics and Data

Raina Verma of Majid Al Futtaim, Retail on How to Include Contract Employees in Fraud Strategy
Raina Verma, head, fraud and forensics, Majid Al Futtaim, Retail

For Raina Verma, head of fraud and forensics at Majid Al Futtaim, Retail, a holding company in Dubai that manages hotels and retail chains, data continues to be an important tool to uncover insider fraud. She shares her experience on how best financial institutions can handle insider fraud.

See Also: Rapid Digitization and Risk: A Roundtable Preview

"An organization should leverage data on session login, vendor data, behavior analysis, leaked credentials from the dark web, and data insight into new accounts opened," she says. She also calls for more collaboration between AML and fraud teams. (see: Data Analytics to Tackle Insider Fraud)

In a video interview with Information Security Media Group, Verma also discusses:

  • Why special attention needs to be paid to contract employees;
  • Why data needs to be leveraged in the right manner;
  • Tips to better handle insider fraud.

Verma is head of fraud and forensics at Majid Al Futtaim, Retail. She has extensive experience in internal audits, fraud risk management, investigations, regulatory compliance and anti-money laundering. She established an anti-fraud function at National Bank Fujairah in her role managing financial crimes.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.




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