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Andy Morris

Andy Morris

Risk Business Solutions Consultant at ACI Worldwide
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Bio Andy provides assistance to ACI's risk business solutions group and Proactive Risk Manager solution Career History Andy has extensive experience dealing with financial crime and payment processing. He worked with Barclays Bank which gave him practical payments experience with financial crime and he represented the bank at APACS, the UK payments association. Previously Andy managed the EMEA Risk and Complianc



One step forward and two steps back for Fraud in the UK

17 Mar 2014

Disappointingly, judging from the recent latest round of fraud statistics,[1] it looks like the UK is back on the naughty step in terms of countries with the highest fraud losses. New figures released by Financial Fraud Action UK (FFA UK) show that levels of card and online banking fraud rose during 2013, with fraud losses on UK cards totalling £4...


What do EMV, payments fraud and the Top 40 have in common?

10 Oct 2013

Pause for thought…….quiz time. Can you remember who topped the UK charts on the 14th February 2006? Now, can you also remember what was the main business driver behind the UK’s move to the EMV standard of “chip and pin,” which also coincidentally was the same official launch date (14th February 2006)? Well let me put you out of your misery. It was...


Give mobile a chance

07 Jun 2013

Mobile bared the brunt of some bad press this week. Firstly, the story that NFC could be compromised through a new app, secondly the charger that could penetrate the iOS operating system and thirdly the emergence of a new breed of consumers labelled as “paynuphobics” – purportedly 26% of adults who are scared to use online and mobile because of se...



Shock and Awe - NFA Fraud indicator puts fraud at 73bn GBP

04 Apr 2012

For those for you that have been tracking the NFA’s last estimate was £38.4bn, but the rise is really buried in the detail and largely attributed to the NFA casting their net on UK PLC a little wider and completing more granular analysis. There is also some interesting comparative finger point for example UK Government sector at £20.3bn, whilst U...


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ID thieves hawk details of 21 million German bank accounts

  2008 has witnessed some of the biggest insider fraud incidents affecting both consumers and the companies the data or goods are stolen from alike. According to a report released in June 2008 by BDO Stoy Hayward, fraud cost UK businesses more than £705m in the last six months, a 74 per cent increase over the same period last year. The biggest threat to business, however, came internally, with management fraud 46 per cent of the total. According to BDO Stoy Hayward, the problem of business fraud was certain to grow as senior executives at British businesses are becoming increasingly concerned about fraud risk as the credit crunch bites. As a result, we might see even more unscrupulous employees give into temptation in the near future, convinced they are incapable of being caught whether this is in an organisation or financial institution. However, there are ways in which fraud can be combated. Financial institutions should consider monitoring employee activity more closely through Point of Compromise (PoC) detection. Even though, traditionally, PoC is the location at which the card skimming has taken place, the same techniques also allow banks to closely monitor employees accessing data and detect potentially suspicious behaviour. As a result, banks are in a position to generate an internal watch list to monitor customer transactions. Given the current market environment and potential for reputational damage, fraud prevention needs to become a focus for any institution. Measures also need to be in place to prohibit temptation. Ultimately, employees should be monitored and placed under surveillance so that any bad apples are quickly identified. As such, banks and organisations need to adopt a single view of all activity. This places financial institutions in a much stronger position to detect employee fraud. In an environment built on trust, a reputation for integrity is one of the most valuable assets an organisation or financial institution can possess.