Webinar: inside the mind of a fraudster
Webinar on demand – View the recording
Key takeaways
Fraudsters typically view organisations holistically, scrutinising various touchpoints where fraudulent activities could potentially be executed. Their primary objective is to ascertain these vulnerable points, exploiting the information to defraud companies.
The current landscape of fraud is dominated by several common types including employment, friendly, identity, synthetic, account takeover (ATO), and credit card fraud. There is a noticeable and sudden upsurge in certain fraudulent methods, notably account takeover (ATO) fraud.
In this fast-paced and rapidly changing sphere of fraud, it is of paramount importance that businesses remain proactive. As soon as new threats are identified, necessary anti-fraud amendments must be made swiftly to safeguard company interests.
While machine learning is a formidable tool in the fight against fraud, it requires time to adapt and therefore cannot single-handedly protect organisations. This emphasises the indispensable need for human intervention and the application of rule-based anti-fraud systems.
The proposed methodology for fraud prevention includes:
- Identifying all touchpoints where fraudulent activities could potentially occur.
- Constructing data proactively around these touchpoints to identify and monitor emerging trends.
- Incorporating automation to bolster the strategy, whilst ensuring it does not dictate the strategy.
- Maintaining agility to quickly respond to changes and threats as they occur.
Introducing the speakers
Feel free to reach out to speakers to dive deeper.
Alexander Hall – Fraud Prevention Strategy Consultant and Owner of Dispute Defense Consulting.
After a decade as a fraudster, Alexander has spent the last six years consulting businesses on the best anti-fraud strategies and identifying gaps in their fraud prevention measures through his company, Dispute Defense Consulting. He is also one of the world’s most renowned reformed fraudsters.
Lisa de Vreede – Product Owner Protectmaxx anti-fraud Solution at Alphacomm.
Lisa is a seasoned expert in the realm of digital goods sales, online payments and fraud risk. As the Product Owner for Protectmaxx, our cutting-edge fraud prevention solution, she brings a wealth of knowledge to the discussion and important insights.
Moderator: Chris Staab
Christopher Staab, co-Founder of LSA and Managing Partner of Airline Information, is the webinar’s moderator. Chris has multiple years of professional experience in diverse industries and positions. He has worked with the International Air Transport Association, Amtrak, the Department of Transportation, and ATPCO. Chris is very experienced in Pricing, Revenue Management, Travel Distribution, and Airline Industry Affairs.
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