Mitigating the Risk of Authorized Push Payment FraudUsing Behavioral Biometrics to Prevent a Fraud Surge
See Also: Top 50 Security Threats
This type of fraud involves manipulating victims into making real-time payments to fraudsters typically by socially engineered attacks involving impersonation.
“Whether it is in branch, online banking, session data vs interacting with the device, device information, along with monetary and nonmonetary data, etc., there is a lot of data out there which you can analyze with behavioral analytics,” Rohall says.
In this video interview with Information Security Media Group, Rohall also discusses:
- Why authorized push payment fraud is expected to grow in 2021;
- Tools and technologies to help mitigate this fraud;
- Fraud-fighting lessons learned in 2020.
Rohall has a decade of experience in fraud prevention, driving education, innovation and mitigation across industries and fraud use cases. He co-founded About-Fraud, a global community for fraud fighters, in 2017. As a fraud market expert with Featurespace, which offers fraud management solutions, he collaborates across various departments to educate and align complex fraud use cases with the ARIC Risk Hub.