News & Press: ACFCS News

Assessing Application Fraud Risk – A Growing Threat to Financial Institutions

Thursday, December 7, 2017   (0 Comments)
Posted by: Brian Kindle
Share |

By Brian Svoboda Kindle
bkindle@acfcs.org
December 7, 2017

With the low cost and availability of personally identifiable information (PII) and stolen identities on the dark web, fraudsters have changed their focus to application fraud – specifically for credit cards, personal loans, and products like savings and checking accounts. That’s leading to increased challenges for financial institutions throughout the customer life cycle.

On this Financial CrimeCast, Lawrence Sandler guides listeners on the scope of this fraud threat, and tools and techniques to mount a more effective response. As a Senior Business Solutions Consultant from BAE Systems, Lawrence has more than 25 years of enterprise application software consulting experience with the last 12 years working exclusively within financial services, and the last few years focused on fraud and financial crime.

The interview covers the intersections between synthetic identities and application fraud, emerging methodologies and techniques, and practical guidance on how to detect and prevent it.

Listen Below, Or Download Here:


©2016 Association of Certified Financial Crime Specialists
All Rights Reserved