See Also: Main Cyber Attack Destinations in 2016
That's why our Aug. 27 Twitter chat, #ISMGprotalk, with Avivah Litan, a financial fraud expert who's vice president of research at Gartner, proved so popular. The discussion was interactive, lively and covered a wide range of topics.
We had more than 55 unique Twitter handles participate in the discussion, and the reach of our dialogue spanned more than 3.6 million users.
I went into the discussion with a pre-written list of about 25 questions related to emerging fraud trends for Litan. That was backup, just in case we didn't have participants show up. After all, we had allotted an hour for the chat, and that could have turned out to be one of the longest 60 minutes of our lives, if we didn't have anything to chat about.
I wound up asking only three of my questions. The rest of the time was spent replying to questions and tweets posted by attendees.
On the PCI front, one participant tweeted: "PCI mitigates accidents & amateur attackers, but no auditor ever stopped organized crime."
Another tweeted, in response to Litan's tweet about why PCI won't stop breaches: "Compliance is a floor, but too often treated as a ceiling!"
When Litan was asked if a mobile wallet breach was worse than a real wallet loss, she tweeted, "Bad mobile wallet design could lead to big loss, just like losing your regular wallet if your pants are too loose."
In light of recent healthcare breaches, one participant asked what types of medical fraud are on the rise, and what that meant. Litan answered that she is seeing "lots of different types of medical fraud - mainly resulting in fraudulent payments to fake or real providers."
Access to Experts
Here's what I learned during this chat: It's tough for bankers and CISOs to get their hands on the right information. So having easy access to an unbiased expert is quite valuable, indeed.
Don't worry if you missed this one. You can view a complete transcript. We have more #ISMGprotalks planned for the months to come. And we're giving our readers the chance to interact with the experts face-to-face at our fall Fraud Summits, the first of which is slated for Sept. 17 in Toronto.
I hope you'll join us in future Twitter chats and consider attending one of our summits. And if you had time to participate in the Aug. 27 chat, tell me what you thought. Post a comment below.