IAMA FS Sector Meeting – Discussions on Fraud Mitigation

Agenda

1. Check Fraud Overview and FBI Report

Speaker: FBI

Topic: Recruitment efforts targeting bank insiders for check fraud schemes

2. The Modern Check Fraud Crisis

Speaker: David Maimon, Georgia State University (GSU)

Topic: Inside the Domestic Supply Chain and What Can Be Done

• The volume of check theft and check fraud in the United States has dramatically increased over the last three years.
• Using evidence from the online fraud ecosystem, David Maimon will demonstrate the existence of an elaborate, sophisticated, and domestic illicit supply chain of stolen checks that has evolved between late 2021 and 2024.
• The session will conclude with concrete policy recommendations for addressing check fraud.

3. Proactive Fraud Identification Tool

Speaker: Max Garcia, CISO, Digital First Banking, NCR Voyix

Topic: Early Fraud Detection in Digital Banking

• Overview of a fraud identification tool that helps customers quickly detect suspicious activities.
• The tool aims to prevent financial losses by identifying early signs of fraud.
• This session will explore the development journey of the tool and its significance in securing digital banking systems.

4. Preventing Fraud through Malicious Bot Detection and Prevention

Speaker: Lisa Toro, Director of Security Operations, ACI Worldwide

Topic: Using Malicious Bot Detection and Anomalous Bot Behavioral Analytics

• Discussion on how malicious bot detection and behavioral analytics can prevent fraudulent use of applications.
• Customizable prevention shifts security measures deep into the adversary’s supply chain.
• Attendees will gain insights into how bots are used for fraudulent activities and how they can be detected and controlled.

Event Details: