Title Insurance Underwriters Fraud Prevention
                     Financial Fraud Can Be Nipped In The Bud
The modern world is inundated with frauds of all kinds. Though wrongdoing and
fraud are nothing new and have plagued human existence since times immemorial.
Fraud implies improper payments, money laundering, hacking by compromising
cyber security. The digitization has led to numerous benefits but has lent wings to
crooks. The fraudsters can find loopholes in the system and can invent ways to
make a dent financially through electronic means.
There can be frauds at a personal level, but the ones committed at organizations
and especially financial institutions like banks and  mortgage lender companies
can deliver a heavy blow and result into huge losses.
Though organizations take steps to prevent  fraud,  but  the sheer systematic  and
clever  approaches  of  financial  fraudsters  require  sterner  and  more  foolproof
approach. The companies make the business rules but it still leaves a number of
loopholes  which  creates  escape  routes  for  the  criminal  and  the  fraud  goes
undetected.
But the newer technology also provides ways to tackle the menace of financial
fraud that can lessen the risk and enable  Title Insurance Underwriters Fraud
Prevention in mortgage companies and financial institutions.
Funding Shield is a name to reckon with providing unmatched trusted services of
risk  management,  fraud  prevention  and  regulatory  compliance  technology
solutions.  Its  highly-admired services  allow lenders,  investors,  homebuyers and
title companies to confirm wired funds are going to the intended recipients and
transactions  are  noit  subjected  to  cyber  fraud,  phishing,  business  email
compromise, title or wire fraud.
Steps to improve financial security
A good financial security system online not only saves the financial transactions,
but  also  protects  digital  data  in  terms  of  authentication,  location  and  device.
Detecting  fraud  should  have  proper  analytics  and  data  points  to  discover  any
discrepancy and abnormalities. This is because crooks today come equipped with
sophisticated  tactics  to  commit  financial  crime.  An  informed  approach  and
complete protection will given an added edge to the fight against fraudsters and
will help beat them at their game.
Let’s have a look at the steps we can take to combat fraud:
1. Account  Level  Check -  Observe  customer's  behavior  to  know  what  is
unusual for that account holder. It is useful to keep track of typical behavior
like logins, when they happen can go a long way in preventing frauds. 
2. Create Unique Account User IDs - Making sure the users have different
log-in  identification  and  not  letting  them  use  the  same  user  name  and
password  again  and  again  also  helps.  Anyone  who  accesses  data,  there
should be a mandatory separate log-in.
3. Dual  Control –  Providing  dual  control  in  terms  of  two  unique  users
approving transactions helps in reducing the chances of criminals stealing
also stops the threat of internal fraud.
Funding Shield offers impeccable and reliable services to efficiently to protect
your organization.