The COVID-19 crisis has been exploited by fraudsters, skyrocketing the number of attacks perpetrated. Scams have cost banks more than €24 billion over the past two years, and all the European banks and institutions agree that 2020 figures will be much higher. Scams are up 66% in the first 6 months of this year, with the trend showing no signs of slowing down.
How are you changing your processes to fight scams? How are other banks combatting authorize push payment fraud and other schemes?
FICO has a unique perspective on scams fraud, based on our work with banks around the world. Don't miss our webinar How to Fight Fraud from Scams, 25th of November at 11 am CET, where our expert James Roche will share with you insights and best practices to avoid fraud scams.
Join us to discuss:
- Prevalent scam types today
- The impact of COVID-19 on scams
- How to identify scams secure a payment flow in real-time, and protect your organisation and your customers
- 2021 trends
Senior Consultant, FICO
Before joining FICO, James has worked in the fraud and business transformation functions at major global banks including Santander and Barclays. James has substantial experience in delivering strategy and solutions for authentication, driven by regulatory initiatives including PSD2 and strong customer authentication, Open Banking and 3D Secure v2.
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