SOURCE: Memento, Inc.

June 17, 2008 15:00 ET

Memento Addresses the Insidious Problem of Internal Fraud

Webinar Examines Different Types of Threats and Best Practices to Stop Internal Fraud at Banks and Credit Unions

CONCORD, MA--(Marketwire - June 17, 2008) - Memento, Inc., a leader in fraud detection and risk mitigation for banks and credit unions, will host an educational webinar tomorrow at 11:00 AM EDT. A distinguished group of panelists will discuss the various fraud threats facing financial organizations, and how visionary financial institutions are tapping new, proactive measures to identify and stop internal fraud. Panelists include: Andy Downs, Enhanced Fraud Manager for Deposit, Control and Loss Operations, Wachovia; Catherine A. Allen, Chairman and CEO, The Santa Fe Group; and Shirley Inscoe, Director of Fraud Solutions Strategy, Memento, Inc.

Internal fraud is a problem that causes significant losses and incalculable damage to a financial institution's reputation and brand. Unfortunately, traditional, reactive research and forensic investigations aren't enough to stop it. Panelists will provide real-world insights and discuss best practices for proactively monitoring and reducing fraud losses, while protecting customers and ensuring compliance. Topics of discussion include:

-- New and emerging internal fraud schemes

-- The connection between internal fraud and organized crime

-- How banks and credit unions are tapping new approaches to proactively detect and stop internal fraud

-- Best practices in implementing fraud prevention technology

-- The business case for proactive monitoring


Webinar details:

-- Wednesday, June 18, 2008 at 11:00 AM EDT

-- To register, visit: http://www.mementosecurity.com/news-events/forms/webinar-06-18-08-registration.php


About Memento

Memento, Inc. (www.mementosecurity.com) is a recognized leader in delivering proactive risk, fraud, and compliance solutions. Memento Security 4.0 -- the company's award-winning solution -- is an innovative platform for monitoring, detecting, and investigating fraud and inappropriate activities by a wide range of fraudsters, from trusted insiders to criminal outsiders. Used by the world's largest and most influential financial institutions, Memento's patent-pending technology is business-focused, easy to use, and quick to implement. By detecting inappropriate activities early and precisely, Memento Security gives enterprises the information they need to mitigate risk, protect revenue, and prevent loss. Based in Concord, Mass., Memento has offices in Washington DC, New York, Los Angeles, Milan and London.

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