The Rise of First-Party Fraud and other 2023 Trends to Watch

Did you know that 30% of fraudulent personal loan applications showed signs of first-party fraud in 2022? And that 50% of fraudulent SMB loan applications had first-party fraud signals too? While much attention has been paid to third-party fraud over the past few years, first-party fraud is equally as risky — but notoriously difficult to detect. With the power of AI and big data, however, fraud teams can uncover insights that will help them identify cases of first-party fraud before it hits their bottom line. Join this session to hear from speakers:

Frank Mckenna, Co-Founder and Chief Fraud Strategist of PointPredictive and author of FrankonFraud.com
Anurag Puranik, Head of Risk, Coastpay
Daragh McMeel, Fraud Analyst, Inscribe

Here's what you'll learn:

Why first-party fraud might be costing you massive credit losses.

Where fraudsters are selling fake docs and sharing forgery techniques.

The most commonly manipulated documents to watch out for.

Strategies are effective for fighting these fraud tactics in 2023 and beyond.