Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

The MoneyPot Live: A Question of Identity

21:11
 
Share
 

Manage episode 453905939 series 2636968
Content provided by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

How do financial institutions combat the ever-evolving threat of identity fraud? In this episode, Naureen Ali, the US Head of Fraud at TransUnion, sheds light on this critical issue, underscoring that while 69% of institutions express concern, all are indeed affected. We analyze the rapid advancements in technology that have accelerated the speed, scale, and sophistication of fraud. Why might some organizations not voice their concerns? Noreen suggests it could be robust mitigation strategies or perhaps a concerning lack of awareness. The discussion navigates the complexities of fraud management in today’s digital age and the necessity of proactive strategies.
We also spotlight the human side of fraud, exploring schemes like romance scams that prey on vulnerabilities. Financial institutions play a pivotal role in protecting their customers, and we dive into the concept of "responsible friction." This involves implementing layered defenses, much like the Swiss cheese model, where each layer helps shield against potential threats. From step-up verification to direct interventions, these proactive measures are essential. Listen in as we stress the importance of consumer education and the vital responsibility of financial institutions in preventing victimization, ensuring a safer financial future for all.

Follow us on LinkedIn

  continue reading

Chapters

1. The MoneyPot Live: A Question of Identity (00:00:00)

2. The Evolution of Identity Fraud (00:00:07)

3. Preventing Fraud (00:15:50)

157 episodes

Artwork
iconShare
 
Manage episode 453905939 series 2636968
Content provided by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Morrissey, Sheryl Chen, Ian Horne, Rachel Morrissey, Sheryl Chen, and Ian Horne or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

How do financial institutions combat the ever-evolving threat of identity fraud? In this episode, Naureen Ali, the US Head of Fraud at TransUnion, sheds light on this critical issue, underscoring that while 69% of institutions express concern, all are indeed affected. We analyze the rapid advancements in technology that have accelerated the speed, scale, and sophistication of fraud. Why might some organizations not voice their concerns? Noreen suggests it could be robust mitigation strategies or perhaps a concerning lack of awareness. The discussion navigates the complexities of fraud management in today’s digital age and the necessity of proactive strategies.
We also spotlight the human side of fraud, exploring schemes like romance scams that prey on vulnerabilities. Financial institutions play a pivotal role in protecting their customers, and we dive into the concept of "responsible friction." This involves implementing layered defenses, much like the Swiss cheese model, where each layer helps shield against potential threats. From step-up verification to direct interventions, these proactive measures are essential. Listen in as we stress the importance of consumer education and the vital responsibility of financial institutions in preventing victimization, ensuring a safer financial future for all.

Follow us on LinkedIn

  continue reading

Chapters

1. The MoneyPot Live: A Question of Identity (00:00:00)

2. The Evolution of Identity Fraud (00:00:07)

3. Preventing Fraud (00:15:50)

157 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Listen to this show while you explore
Play