Fraud Management & Cybercrime

The COVID-19 Crisis: A Perfect Storm for Fraud

Gary Shiffman of Giant Oak Discusses Likely Fraud Scenarios, Mitigation Strategies
Gary Shiffman, CEO, Giant Oak

How is fraud likely to evolve as a result of the COVID-19 pandemic, which has led to the growth of telework and e-commerce? Gary Shiffman, CEO of Giant Oak, discusses emerging trends.

See Also: How To Cut Through The Web Of Insurance Fraud

In a video interview with Information Security Media Group, Shiffman discusses:

  • Anticipated fraud schemes that could capitalize on government stimulus funds disbursement and other recent changes;
  • The growth of synthetic identity fraud;
  • Fraud mitigation advice for the remote worker.

Shiffman is the founder and CEO of Giant Oak, which provides threat-detection technology to national security and financial institution professionals. He formerly served as chief of staff of U.S. Customs and Border Protection, senior policy adviser to U.S. Senate leadership, managing director of the Chertoff Group, and general manager of risk management solutions at L-3 Communications. He teaches security studies at Georgetown University and is the author of "The Economics of Violence: How Behavioral Science Can Transform our View of Crime, Insurgency, and Terrorism."


About the Author

Nick Holland

Nick Holland

Director, Banking and Payments

Holland, an experienced security analyst, has spent the last decade focusing on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times. He holds an MSc degree in information systems management from the University of Stirling, Scotland.




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