Want to create an interactive transcript for this episode?
Podcast: Fraudology Podcast with Karisse Hendrick
Episode: Beyond Identity: The Multifaceted Nature of Application Fraud with Frank McKenna
Description: Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of the Fraudology Podcast, host Karisse Hendrick welcomes back fraud expert Frank McKenna to discuss the alarming rise in application fraud targeting digital banking and lending. They dive into recent research from Visa showing financial institutions are facing mounting losses as cybercriminals exploit digital platforms with sophisticated identity theft tactics. Frank provides expert analysis on why application fraud has skyrocketed, with 1 in 15 digital loan applications now being fraudulent compared to just 1 in 1000 for transaction fraud.The conversation explores key drivers...