Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Business Insider | It's becoming increasingly clear that fintech has a fraud problem
I recently spoke with Bianca Chan of Business Insider about fintech’s growing fraud problem. This is a topic that continues to rear its ugly head and Chan’s article delves into a recent report alleging widespread fraud on Cash App but also analyzes the fintech industry’s overall fraud problem. As I mention in the article, start-ups have an impetus to grow at breakneck speeds in order to appease investors. Unfortunately, some companies can achieve this growth by cutting corners when it comes to fraud prevention.
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Mary Ann Miller, Fraud & Cybercrime Executive Advisor and VP of Client Experience at Prove, addresses this need on a recent episode of SOAR Payments’ podcast.
Identity fraud is a constantly evolving threat, and organizations must develop rigorous strategies to protect themselves and their customers against the efforts of bad actors who use false, stolen, or synthetic identities to perpetrate fraud.
