Fiduciary Trust Company’s Post

Hope this finds you well. From what we see, the topic of protecting yourself from fraud, is very important. You can follow the link to a recent article that we have posted. https://lnkd.in/eD89mcfP

Did you know that the word "escrow" comes from the French word "escroire," which means "to believe"? It's a testament to the trust and security it provides in transactions. Want to learn more about escrow? Check out our website for expert insights and helpful tips. buff.ly/2BDiOyM #Escrow #ClosingProcess #Trust #Security #FinancialServices #Investment

My favourite panel at this year’s The SPARK Institute, Inc. forum. Some key takeaways on fraud detection and prevention in the US retirement industry: 👉 There is more data on plan participants than ever that is easily accessible thanks to previous data breaches and people oversharing on social media, more people than ever willing to commit fraud, and bigger stakes means scammers and cyber criminals going after US retirement accounts. 👉 According to Fraudshare, there has been a 150% increase in account takeover incidents in 2024 compared to 2023. 👉 On average, a fraudulent withdrawal is over $100,000. 👉 There is a growing share of domestic fraud when fraudsters sound like average Americans; combine it with the growing use of GenAI to create deepfakes, and we have a huge problem to solve. 👉 But it’s not all doom and gloom. There are some effective remedies such as using passkeys and MFA, educating plan sponsors and participants, dark web monitoring, information sharing among industry players, and encouraging “see something, tell something”. Russell Anderson, CFE Melanie Bergen Brendan Purcell, CFE Pat Kinsel

Kickstart your week with confidence! Manage your assets, secure your future, and protect what matters most. Let's make this Monday count! 💼💪 . . . . #MondayMotivation #AssetManagement #InsuranceProtection #SecureYourFuture #Securities #ManagementServices #FinancialFreedom #WeGotYouCovered

𝐖𝐡𝐞𝐫𝐞 𝐒𝐡𝐨𝐮𝐥𝐝 𝐘𝐨𝐮 𝐏𝐫𝐨𝐭𝐞𝐜𝐭 𝐘𝐨𝐮𝐫 𝐖𝐞𝐚𝐥𝐭𝐡? Looking to protect your wealth and secure your legacy? Offshore trusts are a powerful tool for safeguarding assets, ensuring privacy, and optimizing estate planning. But where should you establish one? Let’s explore the premier jurisdictions together💡.

I am delighted to be attending this year’s Airmic Annual Conference on 03 to 05 June. If you’re attending, please do get in touch or come and say hello to my colleagues and I on stand C12. This year we’re focusing on 3 key areas: Cybercrime We’ll be showcasing a demo of the DarkWeb and running through how you can apply cyber intelligence to claims assessments. Find out how digital forensics and incident response can strengthen claims assessments by identifying any security gaps. We’ll demonstrate how you can apply intelligence to evaluate reach data and incorporate the DarkWeb into Due Diligence reviews. Economic Crime & Corporate Transparency Act 2023 This Act forms part of a suite of legislative measures specifically designed to prevent abuse of UK corporate structures and to combat economic crime. The Act introduces a new corporate offence of failing to prevent fraud which applies to all ‘large organisations’ defined as meeting at least two of the following criteria: • 250 staff • £36 million annual turnover • £18 million held assets Organisations falling under the new Act must have reasonable procedures in place to prevent fraud. We’ve created a questionnaire to run through with you at our stand, so that you can learn how this new Act could impact your organisation. Predictive analytics PREDiCT is our latest product that applies predictive analytics to drive improved claims handling performance. The tool transforms the conventional way of handling high value injury claims. We’ll be demonstrating how it can help settle cases quickly and commercially. In a nutshell we’ll run through how it can help you deliver improved outcomes around three core KPI’s: • Improved reserving accuracy - unlock more capital for reinvestment purposes • Reduced claims lifecycle - enhance customer experience & strengthen consumer confidence • Improved financial outcomes – driving the pace of litigation

Looking forward to sharing new updates and developments on #Fraud and #Assetrecovery in the #APAC space at the @C5 Fraud Asset Recovery Conference. Stay tuned for insights on the latest trends and strategies to combat fraud and recover assets in the Asia-Pacific region. #C5FARC #StephensonHarwood #Fraud #Assetrecovery

🌟 The Importance of Escrow in Today’s Business Landscape: Escrow plays a crucial role in ensuring secure and trustworthy transactions. By safeguarding funds and documents, it provides peace of mind to all parties involved. The escrow process enhances transparency and mitigates risk, allowing for smoother and more reliable business dealings. As we navigate complex transactions, the value of escrow remains paramount in fostering trust and efficiency. #EscrowImportance #BusinessExcellence #Trust #Security

Does your #fraudprevention strategy include a 360-degree overview of the transaction and network intelligence? ACI's Cleber Martins explains why these are critical components during his July 2 9:30 BST #FraudLeadersSummit Future of Fraud panel. https://aciw.co/3XSSdIK