Cybersecurity Insights
Real-Time Financial Fraud
Alisdair Faulkner is co-founder and CEO of security and fraud prevention startup Darwinium, and co-founder and former CPO of ThreatMetrix (later acquired by LexisNexis Risk Solutions for $830M). Alisdair is based in Sydney, Australia, and has more than two decades of experience in the cybersecurity space with a career-long passion for analyzing and preventing financial fraud. Darwinium services large B2C organizations and marketplaces, dedicated payments providers, ecommerce shops, banks, and some fintechs.
Alisdair joined us today to shed light on financial fraud and share effective strategies to mitigate its occurrence.
The experience that we've seen in other markets where faster payments have been introduced such as the UK and Australia for example, faster payments became the go-to way that scams are defaulted to...
In this episode of Cybersecurity Insights, Alisdair discusses:
- How have popular cash transfer apps like Zelle, Venmo, Cashapp, and PayPal become avenues for fraudsters to scam users out of thousands?
- Does the launch of the U.S. Federal Reserve’s real-time payment tool, FedNow, raise concerns about potential security risks due to the widely unregulated nature of the space?
- What measures and safeguards can be implemented to prevent the occurrence of fraudulent activities and misappropriation of funds?
- And much more.
