Fraud Risk Management

According to RBI-released data, banking-related frauds have doubled. In 2009, the total number of bank frauds was recorded at 23,914, amounting to a loss of `18.83 billion, where less than 1% of the fraud cases amounted to `10 million each or even more.

With acquisitions and expansions spurring the growth in size and customer base, banks are witnessing a substantial rise in the numbers and complexity of fraud scenarios.

Covert Management has the ability to team globally, Recognized industry thought leadership, dedicated industry experience, multi-disciplinary team, global domain knowledge and credentials, enterprise-class infrastructure and flexible pricing models.

Thus enhancing the existing fraud monitoring system and expanding into an enterprise-wide system for all the largest private and multinational banks in India.