Inside the Fraud Lab: Fostering Intel-Sharing and the Rise in Low-Tech Scams
June 1, 2024
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How can we encourage intel sharing between the private and public sector, while meeting regulations and protecting privacy?
In this episode, Simon Horswell discusses reciprocity in intel sharing and the resurgence of lower-tech crimes with Jim Hitchcock, VP of Fraud Prevention at American Bankers Association. There Jim serves as the association’s primary expert on fraud prevention and mitigation activities and programs.
The two also discuss the resurgence of low tech scams and social engineering to beat automated defenses.
“Financial institutions also have concerns about the lack of law enforcement feedback. But law enforcement can't always give feedback, right? Because….if they're sitting on an individual that they might arrest, sometimes you just can't give that information back.”