Don’t Overlook Your Trusted Insiders
The most common type of fraud today is not the headline-grabbing theft of millions of credit card records. It’s the small crimes of opportunity that occur quietly, steadily, and repeatedly at the hands of your most trusted insiders—your employees, vendors, consultants, and contractors. This type of fraud occurs daily, and often goes undetected for weeks or months at a time.
By monitoring users and their activities, you can infiltrate this shadowy world. But successfully managing enterprise fraud and misuse requires more. What’s needed is a way to see everything that’s happening and put it into context. Only then can you:
With Attachmate Luminet enterprise fraud management software, you can do all that and more.
See how Luminet can help you address your specific industry challenges:
What Defines Fraud?
Today, the word “fraud” covers the following types of activities:
- Intentional action for personal financial gain
In the simplest terms, fraud occurs when an individual knowingly engages in deceptive activity that benefits themselves or others. In the majority of fraud instances, the benefit is expressed in financial or material gain.
- Information misuse or abuse
Information misuse or abuse occurs when an individual knowingly, or unknowingly, commits an act contrary to an implicit or explicit policy around information control. These violations often impact the personal privacy of an individual or individuals, and may involve compliance and regulatory violations.
- IT attack or sabotage
IT attack or sabotage is defined as an underhanded attempt to disrupt normal activities, often related to commerce, production, or other business functions. This type of attack may involve vandalism of confidential information.
Spotting fraud can be difficult for two reasons: Traditional logging captures only about 25 percent of the activity that occurs, and nefarious actors often take pains to obscure their activities. Luckily, Luminet can help.
Luminet: The Insight You Need
Luminet sees, records, and analyzes user activity across all applications. It gives you a complete and accurate picture of who did what, and when—providing the intelligence you need to take informed action. Learn more.