The Challenge of P2P Payment Fraud
Fast, convenient … free! It's not surprising that Zelle is America's most popular payment app. The peer-to-peer (P2P) payment service, created by a consortium of major US banks, lets users transfer funds directly between bank accounts at no charge. Unfortunately it's also proven popular with the fraudsters. Through well-crafted social engineering techniques, criminals are successfully duping consumers to make fraudulent transactions.
How can we tackle the new challenge of P2P payment fraud?
This expert panel will share insights and strategies, including:
- The Zelle scam and other social engineering trends;
- The challenges for banks, consumers and regulators;
- Best practices to prevent and reduce the impact of impersonation fraud.
