Preventing and detecting fraud – the role of technology | Event recording
We were delighted to be joined by the following industry experts:
- Adrian Field, Director of Market Development, OneID
- Amber Burridge, Head of Fraud Intelligence, Cifas
- Mark Little Head of Identity Strategy, LexisNexis Risk Solutions
- Seshika Fernando, VP of Banking and Financial Services, WS02
Speakers highlighted some key technologies, such as digital identity and AI, best practice methods and business standards that organisations can take to minimise risk whilst accelerating digital agendas and business growth, and how the industry be at the forefront of the fight against economic crime.
At this event we also looked at the shifting fraud risk landscape, with a total of over £1.3 billion stolen through fraud and scams in 2021 according to UK Finance report: unauthorised fraud was £730.4 million and authorised push payment (APP) fraud was £583.2 million, with nearly 40 per cent of APP losses due to impersonation scams.
techUK members have been developing innovative solutions to support regulators and industry address economic crime. While the global crisis has accelerated technological adoption it has exposed new vulnerabilities including new cyber-attack risk. Do engage with us to take part in the work techUK is leading on the fight against fraud.
Find out more and watch the recording for the webinar.
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techUK is in constant dialogue with Government and policy makers to provide the perspective of the tech industry on a wide range of policy issues. Current policy engagement includes online safety, data protection, competition in digital markets, and online fraud. Get in touch to see how we can support your policy work. Visit our Digital Society Hub and complete the ‘contact us’ form.