Fraud Management & Cybercrime , Fraud Risk Management , Social Engineering
Best Practices for Fighting Authorized Push Payment Fraud3 Experts Describe Lessons Learned
How can financial institutions deal with the problem of authorized push payment fraud? Three experts - Karen Boyer of People’s United Bank, Alasdair MacFarlane of NatWest Bank and Dave Excell of Featurespace - offer their insights on best practices.
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In a video interview with Information Security Media Group, the panelists discuss:
- How authorized push payment fraud, which involves manipulating victims into making real-time payments to fraudsters, has evolved;
- Technologies banks are using to fight this fraud;
- Lessons to learn from U.K. banks.
Boyer is vice president, financial crimes and fraud intelligence, at People’s United Bank, a regional bank in the Northeast U.S. with nearly 400 locations. She has more than 20 years of diverse banking experience, specializing in fighting fraud.
MacFarlane is head of fraud prevention and response at NatWest Bank in the U.K. He heads the bank’s fraud prevention and detection technology strategy and applications.
Excell is founder and president of Featurespace, a fraud and financial crime prevention firm. An experienced technology innovator with more than 20 years of engineering experience, he received the ITC Enterprise Award for Young Entrepreneur.