Big Data Security Analytics , Fraud Management & Cybercrime , Fraud Risk Management

Mitigating the Risk of Authorized Push Payment Fraud

Using Behavioral Biometrics to Prevent a Fraud Surge
PJ Rohall, co-founder of website About-Fraud

Authorized push payment fraud is expected to continue to surge in 2021. PJ Rohall, co-founder of the website About-Fraud, says behavioral analytics can play an important role in mitigating the risk.

See Also: Is Cyberstorage the New Paradigm for Data Security?

This type of fraud involves manipulating victims into making real-time payments to fraudsters typically by socially engineered attacks involving impersonation.

“Whether it is in branch, online banking, session data vs interacting with the device, device information, along with monetary and nonmonetary data, etc., there is a lot of data out there which you can analyze with behavioral analytics,” Rohall says.

In this video interview with Information Security Media Group, Rohall also discusses:

  • Why authorized push payment fraud is expected to grow in 2021;
  • Tools and technologies to help mitigate this fraud;
  • Fraud-fighting lessons learned in 2020.

Rohall has a decade of experience in fraud prevention, driving education, innovation and mitigation across industries and fraud use cases. He co-founded About-Fraud, a global community for fraud fighters, in 2017. As a fraud market expert with Featurespace, which offers fraud management solutions, he collaborates across various departments to educate and align complex fraud use cases with the ARIC Risk Hub.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.