Jan 24 2024 41 mins
Has there ever been an easier time to be a professional fraudster? In this episode, Simon is joined by Brittany Allen, Trust and Safety Architect at Sift to discuss the rise of the “fraud influencer” and “fraud-as-a-service”. They discuss fraud rings, task scams, and social engineering, then dive into Brittany’s undercover work on the deep and dark web and the impact of AI.
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Key Quotes:
“There's also the side of it that's fraud-as-a-service, where these same criminals have realized, yes, I could keep getting this information, I could keep using it for myself, but also I can build up a business if I'm just the middle man who repackages that information.”
“If they're able to then reach people who aren't comfortable joining fraud channels, who are worried about getting caught or the consequences of fraud…then, why not try to reach them where they are? And that brings us to the fraud influencers.”
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Time stamps:
01:19 Fraud rings and social engineering
02:40 Task scams and social engineering
07:13 “Pig butchering” scams
10:52 The rise of fraud influencers and fraud-as-a-service
20:37 Exploring the deep web and dark web
26:33 Recent changes in identity document fraud
34:9 The impact of AI and the increase of deep fakes
38:46 Final thoughts and predictions
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Links:
Brittany Allen on LinkedIn
Simon Horswell on LinkedIn
Onfido’s Identity Fraud Report
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