Speaker:
Jeff Dant, Managing Director, Fraud Operations & Intelligence - Enterprise Fraud Management, BMO Financial Group

Financial crime has seen some unique spikes in the past year, and banking institutions are taking extraordinary steps to coordinate their detection, prevention and response efforts - much like their fraud fusion centers. Jeff Dant, a former U.S. Secret Service agent, now plies his skills at BMO Financial Group, where he's dealing not only with financial crime ever more persistent fraudsters ... but the impacts of the COVID-19 pandemic. In this session, Dant discusses

• Financial crimes and a holistic response
• The evolution of the Fusion Center concept;
• How COVID-19 has impacted fraud schemes and how we defend against them

Speaker:
Ameya Talwalkar, Co-Founder and Chief Product Officer, Cequence Security

With APIs pervasive across your organization, powering apps, and enabling digital transformation, you need to consider whether your existing infrastructure and security tools can identify security gaps before they become incidents and if they can withstand an industrialized attack. API coding errors and malicious bots are a significant cause of fraud and theft-related revenue losses, infrastructure overspending, poor customer experience, and brand damage.

In this talk, we'll explore several case studies of API attacks and techniques and discuss what's needed to protect your applications and your business from suffering damages.

Key takeaways

How attackers are evolving to bypass detection

How cybercriminals beat traditional approaches

How Machine Learning and AI can provide help detect and defend against malicious bots

Why an end-to-end API security strategy is imperative to making your apps less attractive to criminals

Speakers:
Glenn Cobb, Director, Solution Engineering, PayPal
Rick Garza, Senior Manager, Solution Engineering, PayPal

Managing fraud and risk is a top challenge for businesses, which not only effects the bottom line, but also the customer experience and the ability to scale. Nearly 50% of businesses indicate that their customers are more sensitive to friction imposed by anti-fraud measures than they were a year ago*. Businesses need an adaptive approach to successfully mitigate evolving fraud early in the customer journey - before it impacts other business areas and becomes an unexpected problem.

Join Glenn Cobb, Senior Solutions Engineering Manager, and Rick Garza, Senior Solutions Engineer as they:

• Take you to the dark side and help you understand the life of a fraud attack on the dark web
• Discuss effective techniques to uncover emerging fraud schemes
• Demonstrate how businesses can adapt to shifting fraud by automizing rules
• Demonstrate how Simility's powerful analytics engine helps businesses adapt to shifting fraud by automatically optimizing rules and suggesting new ones using integrated models.
• Discuss how using a variety of data feeds and having the flexibility to quickly add new ones can lead to more accurate decisioning

Speaker:
Josh Johnston, Director of AI Science, Kount

Artificial Intelligence in the 2010s was dominated by machine learning, with deep neural networks and reinforcement learning delivering advancements in image captioning, natural language translation, and game playing. But the unstructured, changing nature of fraud was ill-suited to the complexity of machine learning, slowing the advancement of automated fraud detection. During this session, we'll discuss:

• Criteria to identify high-ROI AI opportunities including the successes and challenges Kount has seen pursuing them
• How next wave AI technologies like network analysis, expert knowledge transfer, and small sample learning may be better suited to the fraud domain than supervised machine learning
• Strategies for maturing AI and ML teams and broadening the ability to incorporate these technologies

Speaker:
Michelle Arguelles, Senior Product Marketing Manager, Sift

The global events of 2020 have dramatically accelerated the shift to online payments across industries. Changes in consumer preferences have led to growth in ecommerce, online banking, cryptocurrency, and more. Adapting a Digital Trust & Safety solution that is capable of stopping multiple types of payment fraud, can protect both the business and their customers from financial loss-all while enabling a frictionless user experience.

Speaker:
Diego Szteinhendler, N.A. SVP of Business Development for Cyber and Intelligence Solutions, Mastercard

In today's digital world, fighting fraud requires more than just layers of security in the consumer journey. It requires an insights-based approach of interdependent technologies to secure the online experience, before, during, and after the transaction. While it is typical for organizations to have fraud and risk measures in place, there may be opportunities to bolster any security strategy. In order to fight the fraud of the future while also ensuring a more seamless user experience, payment security needs to be dynamic, intelligent, and connected. At Mastercard, we call this the Connected Intelligence approach. In this discussion we will discuss:

• Fraud trends and the importance of recognizing their importance in a data-driven world
• What to consider when thinking about an interdependent, intelligent approach to fraud prevention and security
• The future of fraud defense and the delicate balance between security and the experience

Speaker:
Adam Wehrenberg, AVP Secure Payments, Federal Reserve Bank of Boston

Digital technologies have revolutionized how operators and users interact with the U.S. payments system as new products emerge, back-end operations change and user experiences are enhanced. However, alongside these innovations come unforeseen payments security threats. As the dark web fills with stolen personal information elements that are available at a relatively low cost, fraudsters are increasingly exploiting the lucrative financial scheme of synthetic identity payments fraud. Continuing its commitment to payments security and industry collaboration, the Federal Reserve launched an initiative focused on researching, educating and generating payments industry dialogue on this fast-growing financial crime. During this session, a Federal Reserve executive will discuss various causes of synthetic identity fraud, gaps and detection methods and mitigation strategies the industry is leveraging to combat this fraud. Take advantage of this opportunity to better understand synthetic identity fraud, how various industries are affected and approaches your organization can take to reduce this threat.

Speaker:
Carey O'Connor Kolaja, Chief Operating Officer, AU10TIX

Fraudsters leverage networks to amplify attacks - isn't it time we do the same to strengthen our defenses? In our rapidly forming remote world with increased frequency of digital interactions, fraud fighting strategies need a boost. Carey O'Connor Kolaja will walk us through the rise of synthetic fraud, the changes it demands of identity verification flows and predictions for what's possible through collective action and information sharing as a business community.

Speaker:
Harshad Agashe, VP of Product, Emailage

With changing customer behaviours, fraudsters are quick to find the loop holes in your strategies and systems. How do we tune product development and innovation to effectively stay ahead of the frauders? Learn from different experiences across companies and customers. Discover simple strategies to scale your fraud prevention effort.

Speaker:
Mark Horne, CMO, Pindrop

Fraud prevention is more about matching voice prints, anti-spoofing, or asking a certain number of questions, true fraud prevention requires a masterful understanding of how fraudsters operate throughout the entire organization, not just the online channel or a call center. While most organizations are monitoring online activities, websites, mobile app usage, but fail to actively monitor every channel that bad actors use today. Without inclusion beyond a single channel, a single department, single factor, fraud will always find a way to reach beyond these silos. Learn from Pindrop's experts on fraud prevention methodology, how and where to leverage AI, and where some of the biggest gaps in fraud prevention strategy reside.

In this session you will learn:

• How fraud moves through your organization
• 3 essential pillars needed to run a successful fraud prevention practice
• Leveraging ML and AI for fraud prevention to help identify who is "At-Risk"
• Best practices around consumer education and employee empowerment

Speaker:
Partha Sarathy, Global Fraud Architect, Shape Security

As online activity increases and digital footprints expand, so too does the overall digital attack surface. 2020 has been marked by soaring data breaches, leaks, new attack patterns and phishing scams related to COVID-19. The pandemic has compounded fraud and abuse and greatly accelerated consumer digital adoption and consequently business digital transformation.

Truly effective digital transformation journeys should always be cross-functional and silo-busting in nature. Different departments must be encouraged to think beyond their traditional borders, interact with adjacent functions, and intimately understand how their work can both boost revenue and reduce cost.

Join Shape Security to learn how the fraud rhetoric has adapted to encompass a newly converged approach - one that persists and correlates security defenses to better enable business results.

Speaker:
André Ferraz, CEO & Founder, Incognia

With the rapid shift to mobile, learn how location behavioral biometrics is providing a competitive edge for banks, fintech and mcommerce companies in the fight against fraud. Using each user's unique location behavior pattern, Incognia behavioral biometrics creates a dynamic location fingerprint, unique to each mobile user, that is extremely difficult for fraudsters to mimic or forge, and is highly effective in detecting fraud, reducing false positives and increasing conversions. Learn how companies with mobile apps are using Incognia location behavioral biometrics to enable frictionless user ID verification, dynamic adaptive authentication, and enable secure transactions.

Speakers:
Jeffrey Brown, CISO, State of Connecticut
Patrick Ford, CISO, Americas, Schneider Electric
Rocco Grillo, Managing Director Global Cyber Risk & Incident Response Services, Alvarez & Marsal

The cyber threat & fraud landscape is ever-changing, and the attackers are upping the game with more sophisticated and advanced attacks on the organizations. Our panel of cybersecurity industry leaders will cover how to detect, mitigate and navigate through the emerging risks.

Speaker:
Andres Rapela, AVP of Secure Payments, Federal Reserve Bank

The lack of an accepted and consistent manner for categorizing payment fraud losses has created industry-wide challenges with collecting fraud data, identifying trends and mitigating risks in a timely manner. In 2019, the Federal Reserve convened industry stakeholders from across the payments ecosystem to create the Fraud Definitions Work Group and address these challenges. This diverse group of industry professionals developed the FraudClassifier Model along with a roadmap to encourage industry adoption. In this session, Fed executive Andrés Rapela will discuss the final deliverables of the work group, the long-term industry values of this Model and steps your organization can take to join this effort toward fighting fraud smarter and quicker.