Share tip of the week: online fraud specialist

This security specialist is a good punt on the rise of online credit card fraud, says Paul Hill.

Online fraud ranging from identity theft to credit-card abuse and organised crime cost the global economy £52bn last year, according to research house Global Uncertainties. And it's likely to get worse. Only last week the FBI busted an international gang of hackers who had siphoned off $70m from the bank accounts of small businesses, towns and churches. Moreover, the financial loss is sometimes dwarfed by the damage done to a firm's reputation and subsequent destruction of shareholder value. So how does one fight back?

One approach is to call in anti-fraud specialists such as Norkom. This Dublin-based software developer operates globally using a mix of direct and distributor sales channels. Its products enable financial institutions to protect their clients against online theft, money laundering, breaches in compliance and many other e-commerce crimes. All told, these applications have been deployed in more than 100 countries, including at six of the world's top ten banks (including HSBC, Santander, and Standard Chartered), across continental Europe (48% of sales), America (26%), Asia (11%), and the rest of the world (15%).

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.