Major FinTech Fraud Schemes You Need To Be Aware Of
Attending the Money 2.0 Conference Can Help You Fight FinTech Fraud!
Table Of Contents
→ How to Detect Fraud Activities in FinTech? → Types Of FinTech Fraud → How Will Attending the Money 2.0 Conference Help?
How to Detect Fraud Activities in FinTech?
● Over the years, the FinTech industry has found muchneeded popularity as it has enabled online financial transactions worldwide. ● But the financial transaction has welcomed a lot of spying eyes to it, making the sector vulnerable to fraudsters. ● As the FinTech industry is progressively paving its way towards success, internet scammers are improving their techniques to spread their wings and carry out nefarious activities. ● Many businesses and individuals are constantly affected by fraudulent activities like phishing, account fraud, identity theft, and transaction fraud, making spam detection even more crucial. ● Fraud detection is complex, so installing technologically advanced tools in your organization is
Types Of FinTech Frauds →
First-Party Fraud: ● First-party fraud, shockingly, is carried out by the genuine holder of the account. ● In such a scamming scenario, the account holder violates the facilities provided to them to make an illegal benefit.
Identity Scam: ● Identity scam is one of the rampant challenges in today’s financial sector. With the advancement of technology, it has become easier for fraudsters to steal and assume your identity to defraud you. ● The spammer usually steals your ID to apply for
Bot Attacks: ● Financial services have become a lucrative target for bot attacks; from data indexing to cyber attacks, everything is done by fraudsters using bots to run automated tasks using the Internet. ● Bot attackers tend to overwhelm the website with fake requests in order to deplete its resources.
DeepFakes & Synthetic Media: ● Deepfakes have become havoc for the uninformed as bad actors hide behind this tactic to commit many inexplicable financial crimes. ● Deepfakes and synthetic media fraudsters target especially organizations facing public relations crises.
How Attending the Money 2.0 Conference Is Helpful?
You must give a chance to yourself if you wish to open potential windows that will help you surpass the fraudulent activities prevalent in the FinTech industry.
Attending the Money 2.0 Conference is one way of the easiest ways of learning how to fight against such foul actors.
Let’s See How →
Learning Opportunities: You will get a chance to unite with hundreds of financial gurus and FinTech leaders who will share their experience and knowledge so you can fight back against the world of fraudsters.
Engaging Contents: You can learn more about the FinTech industries and the possible threats associated with them so you can make an informed decision when you are back to your business.
Exhibition & Sponsorship: Eminent conferences like the Money 2.0 Conference
Thank You! This Presentation Is Prepared By
Yash Dogra, Manager, Money 2.0 Conference