Combating Fraud Attacks In Banking

Fraud is on the rise — bad news for banks and customers alike.In today’s digital world, criminals have more tools at their disposal than ever before. And financial institutions, government and consumers all have a part in defeating them.In this episode, Rakesh Mirajkar, Head of Consumer Bank Fraud and AML and Managing Vice President at Capital One joins the show to examine the multi-pronged approach that countering bank fraud requires and how individual organizations can play their part. We discuss:The resurgence of fraud post-pandemic and the impact of digital activityNew fraud scamsWhy consumer engagement and education plays a critical role in mitigating fraud riskThe future of fraud-risk controls