Payment and Fraud Risk Assessment Services

Gain better oversight and control of your payment flows and fraud risk

Payment fraud threats have become a major concern for organizations globally, with more than 80% of financial professionals reporting incidents of attempted fraud*. Payment fraud trends globally reflect a continued and sustained growth over the past 4 years.

Organizations are more aware of increasing threats and many have actively implemented control measures. Unfortunately, this added vigilance is not always enough. New technologies are streamlining electronic payments, but perpetrators are using those same solutions to attack payment processes and platforms. The tactics used by fraudsters evolve and increase in sophistication continually, attempted attacks are becoming harder to identify resulting in greater success infiltrating organizational payment flows.

As well as the obvious financial impact, fraudulent incidents may subject firms to additional regulatory scrutiny, privacy concerns, reputational damage, litigation and loss of clients/investors. In addition, post-breach remediation costs can be extremely high. It has become essential that firms are proactive in predicting and assessing their exposure to these threats in order to mitigate the likelihood and impact of a payment fraud incident.

*2019 AFP Payments Fraud and Control Survey

CONNECT WITH US


CONNECT WITH US


Our solutions

ACA Aponix’s (ACA) Payment and Fraud Risk Assessment (PFRA) helps your firm better understand payment flow and fraud risk mitigation opportunities. Our solution provides end-to-end policy-aligned reviews of all your firm’s cash movements to identify potential fraud risk throughout the payment lifecycle. We perform evidence-based procedure reviews across your firm to help mitigate risks during subscription, drawdown, redemptions, staff, and vendor payments. Our tailored service offering is customized for each payment type to provide an accurate assessment of possible risks.

Assessments also include identity and access management, payment limits and cash control best practices for your electronic banking channels. ACA’s team of highly experienced subject matter experts continuously monitor various sources to identify new fraud trends before they impact your firm. Our team includes specialists in payment fraud, cybersecurity, and technology risk from various industries, including investment management, banking, and healthcare.

Payment Flow Review

Our team reviews supplied documentation, performing an 
on-site evidence-based assessment with employee interviews and  process walk-though.

Risk Analysis

Our team analyzes review responses, evidence, and audits to identify potential fraud risks

Reporting

You can track progress of process enhancements and view findings in our management software platform.

1 of
Solution Spotlight

Aponix Protect™ comprehensive cybersecurity and technology risk solution

Aponix Protect helps firms address evolving cyber risks and threats to ensure that their cybersecurity needs are covered year-round. This solution is available in three tiers, each one designed to provide firms with a flexible, robust, responsive, and cost-effective cybersecurity program.

Latest insights

abstract image with a lock and shield

SEC Action: $2.1 Million Fine for Insufficient Cybersecurity Controls

The SEC fined a business communication and marketing solutions firm for insufficient disclosure controls and procedures and internal accounting provisions relating to its cybersecurity practices.

Cyber Alert
  • Cybersecurity
abstract blue shapes connected by dots of light

Six steps to mitigate the damage of a cybersecurity breach at a portfolio company

The risks faced by portfolio companies can often be mitigated by proper private equity oversight.

Article
  • Cybersecurity
forest of trees from above

The ACA/NSCP AI Benchmarking Survey is Now Open

We partnered with NSCP to launch this inaugural survey to help you better understand how your peers are managing the risks and opportunities of AI.

Survey
  • Compliance
  • Cybersecurity
  • Artificial Intelligence (AI)
lock

Navigating Cybersecurity Regulatory Uncertainty

The 2024 Cybersecurity Benchmarking Survey uncovered regulatory focus on cybersecurity as a top concern within the financial sector.

Survey
  • Cybersecurity
cyber lock

Regulation S-P Establishes Data Breach Notification and Planning Requirements

The SEC adopted amendments to Regulation S-P intended to provide investors with greater privacy protections and transparency into data breaches.

Cyber Alert
  • Cybersecurity
  • SEC
digital_graphs_with_bars_and_dots.jpg

Case Study: Establishing Cybersecurity Portfolio Oversight

This case study discusses how ACA Aponix helped identify areas for cybersecurity growth, visibility, and value enhancement across Gridiron Capital LLC’s portfolio.

Case Study
  • Cybersecurity
  • Portfolio Company Risk Management

News

Apex Group and ACA Form Strategic Partnership to Enhance Client Experience

Apex Group and ACA form strategic partnership to enhance client experience. The alliance enables clients to seamlessly identify a reputable service provider that will help support and protect their business.

ACA's Commitment to Client Success Deepens with the Appointment of New COO

ACA Group is delighted to announce the appointment of Jean-Christophe Chandumont (JC) as Chief Operating Officer.

ACA and ACA ALLiance Celebrate Pride and Progress

This Pride Month, we are excited to celebrate with our employee resource group, ACA ALLiance, to honor the contributions and experiences of the LGBTQIA+ community within ACA and beyond.

Upcoming events