Author: Seth Ruden
Seth Ruden is a seasoned fraud risk management professional with two decades consulting, leading fraud teams and serving as an advisor to technology providers, processors, networks, and financial institutions
Three Sessions. One Moment. A Very Expensive Lesson — That Someone Else Didn’t Have to Learn
I’ve been in fraud long enough to know that the attacks you don’t see coming are rarely truly invisible. They’re just hiding in the seams. This is a story about a seam. The Day Three Became One Too Many A few years back, I was with a financial institution — a good one, who had […]
Instant Payments Are Instant. Your Fraud Stack… Is Not.
In the race between payment speed and fraud prevention, the bad guys currently have a head start. Let’s fix that. Let me paint you a picture. A customer opens their banking app. Within 20 seconds, they’ve initiated and completed an “immediate” payment. The money is gone. Irrevocably. Welcome to the instant payments era — where […]