70% of Fraud Happens After KYC - Thomas Taraniuk, Sumsub

You verified them. They passed. That's when the fraud starts.Thomas Taraniuk is Head of Partnerships at Sumsub and host of the What The Fraud? podcast. He joins Paul to make a claim that should reorganise most risk teams' priorities: around 70% of fraud happens after the initial KYC check — which means the industry has spent a decade fortifying the one door attackers no longer need to walk through.What's coming through instead is industrialised. Deepfakes you can buy online for five dollars. A jump of over 700%. And multi-step attacks climbing from 10% to 28% of all identity fraud, run by resource-intensive, multilayered AI fraud agents that, as Thomas puts it, operate exactly like legitimate humans — like me and you.Then the part that lands closest to home: waking up to a message saying your agent is trying to purchase something.In this episode:• Why post-KYC monitoring, not onboarding, is where the risk actually lives• The economics of cheap deepfakes and what that does to liveness checks• Multi-step attacks: fraud as an orchestrated chain, not a single event• What changes when both the attacker and the customer are AI agents• Where behavioural and telemetry signals fit when documents can't be trustedThe No BS Podcast by Paybis. Hosted by Paul Afshar.