Fraud Prevention

2022 Bankrupting Fraud Virtual Panel Series Comes to a Close

May 12, 20223 min Read

The three days of intense brainstorming – 26th April, 3rd May, and 10th May – coupled with insider details of the dark web, allowed us to analyze the hottest attack trends and industry-specific problems to find ways to keep up with the continuously moving target – online fraud

Let me begin by thanking our panelists who participated in the 2022 Bankrupting Fraud Virtual Panel Series. We are thankful for your time and industry-specific insights that will help businesses learn about the imminent digital attacks and ways to upgrade their fraud defenses. I extend my gratitude to all the participants. Your active participation with incisive questions made the panel discussions all the more vibrant. And, a big thank you to the Arkose Labs team for your tireless efforts in putting together the event.

A Treasure Chest of Insights

It was an incredible three days of power-packed deliberations at our 2022 Bankrupting Fraud Virtual Panel Series. Experts shared insights and participants learned ways to improve their fraud prevention strategies against a motivated, resourceful and relentless adversary.

Our eminent fraud prevention experts shared best practices for effective fraud prevention. They shared their experiences on the evolution of fraud, risk, and security over the years; and how they are adapting to these changes. Our Chief Criminal Officer – a former felon himself – shared an insider view of the dark web. This treasure chest of insights helped everyone understand why attackers are so persistent in their attacks and how they shape their attack tactics according to the target industry.

The virtual panel series began on 26th April with the first panel discussion on ‘Preparing for the Intelligent Bot Revolution’. Speakers included Deborah Kinsella from Pitney Bowes, Karthik Rangarajan from LinkedIn, and David Senecal, Lizzie Clitheroe, Brett Johnson, and Kevin Gosschalk from Arkose Labs. The speakers discussed how fraud and security teams can identify and stop bot-driven fraud attacks that target digital businesses and customers.

The next session on 3rd May entitled ‘Top Account Strategies to Build Customer Trust’, saw discussion on one of the hottest topics plaguing fraud teams – consumer account security. Jordan Harris from IHERB, Stephanie Olsen from Netflix, and the Arkose Labs team comprising Ed Gower, Brett Johnson, Mike Daley, and Lizzie Clitheroe, put their heads together to explore ways that can help effectively safeguard digital accounts and create trust among consumers.

How to Move from Fraud by Mitigation to Deterrence’ was the final session on 10th May. This panel looked to educate participants on the pressing need to move beyond fraud mitigation to fraud deterrence. Una Dillon from Merchant Risk Council, Manav Bhatia from Amazon, Alasdair Rambaud from Ping Identity, Gagan Sekhon from Rain, and our own Brett Johnson participated in the deliberations. They brainstormed on the importance of and the ways to achieve long-term deterrence against sophisticated attacks.

Interactive, Engaging, Insightful

Coming together of a galaxy of star speakers and sharing their experiences left the participants rich with invaluable insights into the latest attack trends, as well as the tools and techniques bad actors use to attack businesses and evade detection. The participants also engaged in interactive discussions with the experts and made good use of the opportunities to network. I am satisfied that through our especially curated sessions, we were able to help participants explore the three hottest topics in fraud and online security today. They went back more educated about bot detection, consumers’ account security, and graduating to fraud deterrence.

Arkose Labs is on a mission to create an online environment where all consumers are protected from malicious activity. The 2022 Bankrupting Fraud Virtual Panel Series is part of our commitment to give back to the cybersecurity ecosystem by contributing to the industry’s body of knowledge and collaboration.

Missed attending these informative panels? You can access the on-demand recordings here.