16.07.2021Press Release

The fraudster’s new game face

Ro Paddock, Head of AFC at Fourthline discusses the surprising new ways fraudsters are scamming businesses and what the banking industry can do to protect itself.

Ro PaddockBy Ro Paddock - Head of AFC

Dear teams, clients, and friends of Fourthline,

This past year, businesses and consumers alike were hit with a wave of surprises that forced us into a new, digital-first way of living, working, and managing money. Meanwhile, the banking industry was hit with a surprise of its own: a surge in financial crime on a global level, costing upwards of $2.2 billion in attempted fraud losses. Not only are identity theft and money laundering growing at an alarming rate, but fraudulent attempts are becoming more complex and more sophisticated.

In this new article I authored for Biometric Update, ‘The fraudster’s new game face’, I discuss the surprising methods fraudsters are now using and what steps the industry should take to protect itself. Please give it a read and reach out to the Fourthline team to discuss how we can equip you with the ID verification and KYC solutions needed to safeguard your business.

Fourthline Head of Anti-Financial Crime, Ro Paddock

Robert-Jan Van Vugt, Business Development Director

Want to learn more? Contact one of our fraud & compliance experts

Get in touch with Robert-Jan van Vugt, who brings years of trading and financial industry expertise to his role as Global Head of Partnerships

SAFENED Fourthline B.V. is a company registered in The Netherlands and is authorised and regulated by DNB.