Ancient Greece to AI: The past and future of bank fraud

David Stone, CPA, CFE, MBA, is the author of the most recent FVS Eye on Fraud report. In this episode, Stone, senior manager–Financial Services Practice Group at BerryDunn, shares insights from the report, which focuses on internal and external fraud risks facing financial institutions. Stone explains how long‑standing schemes — from misuse of dormant accounts to persistent check‑fraud activity — continue to evolve even as institutions strengthen their controls. Stone, a graduate of the AICPA Leadership Academy, also describes emerging, technology‑driven threats such as deepfakes, more sophisticated ransomware, and the potential impact of quantum computing on systems once considered secure. Previous Eye on Fraud-focused episodes: February 2026 July 2025 March 2025 What you'll learn from this episode: David Stone's explanation of perhaps the first recorded case of bank fraud. Defining internal and external fraud, both of which are focus areas in the March Eye on Fraud report. Why dormant accounts offer opportunities for fraudsters. The fraud stat that "astounded" Stone. How deepfakes and enhanced ransomware tactics are reshaping the threat landscape for financial institutions. What quantum computing could mean for the future of fraud prevention.