the risk management blog

byLowers & Associates | November 12, 2018

You discover your erstwhile trusted employee has been skimming funds to support a gambling habit. What do you do? Your first response is possibly unprintable, and understandably so. Your cooler head will prevail, and look at a small series…

byLowers & Associates | November 09, 2018

Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2018 Report to the Nations on Occupational Fraud and Abuse analyzed 2,690…

byLowers & Associates | October 30, 2018

Interactive Teller Machines (ITMs) present a win-win for customers and banks alike. These machines offer new levels of automation, allowing banks to efficiently deliver a wide range of banking services. ITMs free up teller lines for higher level services,…

byLowers & Associates | October 23, 2018

It’s no secret that Latin America has suffered its fair share of cyberattacks, but the extent of the damage might be worse than many have imagined. In a 2018 study of cybercrime by the Organization of American States (OAS),…

byLowers & Associates | September 27, 2018

The ITM (sometimes called VTM for video teller machines) has added a new dimension to modern banking. These machines take advantage of digital networking capabilities to expand the range of customer services that can be handled through remote machines,…