The AFCX provides a secure, strictly monitored collaborative portal for its members to share and access information and intelligence on financial and cyber crime.
The AFCX provides a secure environment for sharing and accessing a comprehensive range of financial crime data. The system is operated and managed in compliance with ISO 27001 and Payment Card Industry – Data Security Standards (PCI-DSS) so members can be confident that the AFCX’s security setting matches, or exceeds, their own.
Members upload their own information based on agreed standards. They can download equivalent anonymised data provided by other members for analysis. This data exchange forms the basis of the insight and intelligence sharing and generation that AFCX provides.
In addition to data accumulation and aggregation, the AFCX is a nexus for communication about financial and cyber crime.
Inputs
Fraud data based on agreed standards
Intelligence provided by members, law enforcement, security organisations
Processes
The “engine room” provides incident management capability and access to the data exchange
Knowledge Centre with complimentary reports and knowledge-based articles are available and for member use
Secure and efficient communication network
Collaboration capabilities provide a robust and structured process for handling and tracking real-time intelligence
Outputs
Consolidated reporting
Data is analysed en masse to produce industry-wide benchmarks and macro trends
