Dave Excell, Founder of Featurespace explains why scams are on the rise in the U.S. according to recent data from The State of Fraud and Financial Crime in the U.S., a Featurespace and PYMNTS collaborative report.
Traditional fraud typologies remain a massive challenge for U.S. financial institutions (FIs), but they are at risk of being caught on the back foot when it comes to authorized frauds and scams.
1. Why do you think authorized fraud, or scams, represent the same volume of attacks as traditional typologies?
2. Since scams are on the rise, what strategies need to be in place to prevent the fraud impacts?
3. What kinds of scams are on the rise in the U.S?
4. What can FIs do now to get ahead of the wave of scams sweeping the U.S.?
5. How should we expect fraud trends to evolve in the coming year?
Read the report The State of Fraud and Financial Crime in the U.S., a Featurespace and PYMNTS collaboration.
About the speaker
Dave is Featurespace’s Founder, responsible for the growth and operation of the business across the Americas and oversees the global Product strategy. After studying at the Australian National University and the University of Cambridge, Featurespace began as a concept and has become a leading enterprise financial crime platform for financial institutions and technology providers.