Today’s buzz: Banking fraud. Show me the money! Earlier this year, a band of “cashiers” swiped prepaid debit cards at ATMs in NY City and 25 countries – and made off with $45 million in cash. The problem: they didn’t own the cards or the money. What are we doing to detect emerging fraud patterns and stop these emboldened outlaws and their sophisticated cyber-criminal organizations before they dig even deeper into our pockets? The experts speak.
Nuno Sebastiao, FeedZai: “Flash attacks are a new threat in the online world. Imagine a version of the ATM attacks a couple of months ago, but in real/time, distributed and targeting many online merchants.”
Prakash Santhana, Deloitte: “It is 10 p.m. Do you know where your credit card is shopping?”
Eric Stine, SAP: “We’re faced with an increasingly demanding legislative and regulatory environment – and a creative class of criminal that keeps getting smarter.”
Join us for more insights on Banking Fraud: Can Technology Outsmart the Bad Guys?