GDFM Ltd

GDFM Technical Solutions solves existing and emerging risks through combining bespoke expertise and deep business understanding, to address client and industry challenges. Our Technical Solutions offering partners with our Regulatory Compliance, Financial Crime Compliance, Cyber Risk and Operational Risk and Resilience Consulting Practices; and solutions leverage our technical and Managed Services capabilities, to ensure expedited risk mitigation, focused expertise application and minimal client resource impact. Our solutions support the Financial Services and Real Estate industries and include Executive Level and Specialist Training.

The Challenge

Cloning related fraud has grown exponentially during the global pandemic, with various mediums used to effect fraud (social media, telephone etc), replacing traditional time consuming ‘boiler room’ approach.   Reported clone related scams equated to losses of more than £78 million between January-December 2020, with both individuals and organisations being cloned.

 

Combatting the mounting sophistication, audacity and fluidity of cloning attempts through ongoing vigilance and mitigation steps is critical, to ensure organisations and individuals may promptly identify incidents and take the necessary steps to protect themselves, their reputation, their brand and their current and prospective client bases; as well as taking any requisite damage limitation steps.

The Solution

Combat Clone.  Screen – Safeguard – Suppress.

 

GDFM Combat Clone Managed Service Solution enables organisations and individuals to proactively identify reputation and brand impactful cloning risks and incidences, as well as the related potential client damage; through ongoing assertive identification and management of the ever increasing cloning risk.  This is achieved through detective, awareness and preventative steps.

The Importance

The FCA has outlined that it expects firms to be taking measures to prevent harm, which can be challenging in such a fast paced landscape and when faced with an unidentified protagonist.   Further, regulated firms whom “let down their guard” may face action being taken by the regulator.

 

Combat Clone enables early detection, awareness and prevention; all keys measures to reducing harm to reputation, confidence in the Financial Services industry and ultimately investors.

Next steps

We offer three tiered packages of Essential, Advanced, Platinum based on the Screen-Safeguard-Suppress methodology and please contact Associate Partner Sarah Peaston to further discuss:  [email protected] or +447889 748 311.

 

 

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