Authorized Fraud: Insights from our Customers – Detecting the Undetectable
With the commonization of faster payments, fraudsters are finding even faster ways to divert funds – leaving fraud analysts with little time to work alerts. Authorized Fraud has become the one of the largest growing fraud schemes. And as we add new payment rails into the mix, it becomes even more critical to understand scams like Business Email Compromise and Push Payments Fraud Financial Service Organizations need to understand how to combat the authorized fraud we know today and be agile enough to stay ahead of the evolving threats of tomorrow.
This session will breakdown:
An Industry-wide view of Authorized Fraud – Classifications, MOs and Scams we’ve identified with our clients
Best practices for combating authorized fraud - Lessons learned locally and from across the pond
The future for authorized fraud? – Adapting to new payment rails, like RTP
Presented by: Nithin Mangalore, Senior Product Manager, NICE Actimize