What The Fraud?

“If cybercrime were a country today, it would have the third largest economy on the planet.” Fraud is no longer just a crime - it has become a global business with software at its heart. With Fraud-as-a-Service (FaaS), anyone can access cybercrime tools online, no technical skills required, and at a fraction of the price.In this episode, we’re joined by Brett Johnson, one of the early pioneers in digital fraud. He’s a poacher turned gamekeeper who set up one of the world’s biggest hacking communities—Shadowcrew. After spending time in prison, he now works with businesses across the globe and uses his experience and insight into this world to help keep them safe. We’ll hear about how FaaS transforms cybercrime, what keeps him up at night, and how we can protect ourselves against it. Sumsub's website: sumsub.com  Sumsub’s Identity Fraud report 2024/25: https://sumsub.com/guides-reports/identity-fraud-report-2024-2025/ Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Brett Johnson on Linkedin: https://www.linkedin.com/in/gollumfun/ 

“Governments worldwide are recognizing that paper-based identification just doesn't cut it for a digital-first economy.” Nations across the world are racing to roll out digital identity systems, promising greater convenience, security and efficiency. But with new technology comes new risks. Hackers recently exposed vulnerabilities in Germany’s digital ID system, affecting over 10 million users - and in India, login credentials were leaked on the dark web for just $8.In this episode, we sit down with Daniel Flowe, Head of Digital Identity at the London Stock Exchange Group, and Eddie Moxon-Garcia, Product Marketing Lead at Sumsub, to hear what’s being developed in the digital ID sector, and find out whether there really can be a reusable identity solution that balances privacy, security, and accessibility.Learn more about Sumsub ID: https://sumsub.link/i10Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Eddie Moxon-Garcia on Linkedin: https://www.linkedin.com/in/eddiemoxongarcia/Daniel Flowe on LinkedIn: https://www.linkedin.com/in/danielflowe/

“You’ve got organized hacks, and it's getting harder and harder to know what you're clicking on, if that's real or not.”Crypto is at a tipping point, and while demand is growing, fraud is up 48%, regulations are tightening, and user expectations are shifting.In the past year alone, over $2.2 billion has been lost due to hacks of crypto exchanges. And crypto crime isn’t just happening online—earlier this year, David Balland, co-founder of Ledger, was kidnapped in Paris with a ransom demand.In this episode, Thomas is joined by Erica Stanford, a crypto advisor and best-selling author, to find out how you can protect yourself and stay ahead in this rapidly evolving sector.Sumsub's State of the Crypto Industry 2025 Report: https://sumsub.link/ujj Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Erica Stanford on LinkedIn: linkedin.com/in/ericastanford/

“Your intuition is designed to make you comfortable, not necessarily correct.”  In this season finale of What The Fraud?, we’re looking ahead to the year that could define the future of fraud prevention.  Sharing his predictions with Thomas is Paul Maskall, Behavioural Lead for UK Finance and the City of London Police, and a key strategist at the Economic and Cyber Police Headquarters. With a background in psychology, Paul reveals how our relationship with technology is creating new vulnerabilities, amplifying risks, and changing the way we communicate. He also breaks down the behavioural science behind fraud and cybercrime, offering crucial insights on how businesses can fight back.  Whether you’re a global corporation or a small startup, Paul outlines the three must-do priorities to build resilience and stay ahead of the curve in 2025.  Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Paul Maskall on LinkedIn: linkedin.com/in/paul-maskall-309236121/

"Why are we trying to change the 3% of people who stammer in the UK? Why aren’t we educating the 97% of people who don’t?” Fraud isn’t victimless — it’s a powerful engine for bias, hitting marginalised communities hardest and driving inequality. In this episode, Claire Maillet joins Thomas to uncover how fraud fuels digital-age discrimination and what stakeholders can do to fight back. Claire is an award-winning fraud expert, PhD researcher, and advocate for disability and mental health awareness. Claire regularly speaks about the impact of speech impediments on counter fraud controls as someone that comes at it from both sides — a customer who stammers, and a counter-fraud professional working in the financial services.  Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Claire Maillet on LinkedIn: linkedin.com/in/clairemaillet 

"We don’t treat fraud as importantly as money laundering.”   Who should be responsible for preventing and addressing fraud in the digital age? This is what Thomas is exploring today with Jessica Cath, Financial Crime Partner at Thistle Initiatives, a compliance consultancy firm supporting regulated businesses.  As fraud becomes increasingly sophisticated, its impact extends far beyond individual victims, posing challenges for businesses, governments, and society. Jessica’s sharp insights into what works, what doesn’t, and the must-have tools to stay ahead of fraudsters make her a brilliant guest in dissecting this very important topic.  Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/company/sumsubSumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Jessica Cath on LinkedIn: https://www.linkedin.com/in/jessica-cath/  

“For an expense of about $1,000 per month, the damage that a fraudster can cause to businesses is upwards of $2.5 million.” In this special episode of What The Fraud?, Thomas is joined by Ilya Brovin, a growth strategist from Sumsub, to explore the latest insights from their annual Identity Fraud Report and reveals the most significant changes in fraud trends over the past year. The report provides an in-depth analysis of global identity fraud, based on millions of verification checks and more than three million recorded fraud attempts. Released in conjunction with Identity Fraud Awareness Week (November 17–23), this episode is the perfect opportunity to unpack the critical findings that will help shape your strategies for 2025 and beyond.Download the full report: https://sumsub.link/0ajSumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/company/sumsubSumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  Ilya Brovin on LinkedIn: https://www.linkedin.com/in/ilya-brovin  

“The AI model thinks that the user is going to commit fraud at one point. So, it’s mitigating fraud before it even happens, which sounds quite crazy to me.”  In this episode of What The Fraud? Thomas is joined by Kris Galloway, Head of iGaming Product at Sumsub. With an impressive 12 years of experience in the iGaming industry, starting out as a poker player, Kris is the perfect guest for insights into this topic. Together, Thomas and Kris delve into market growth, tightening regulations, and new technologies that are transforming the iGaming industry for both businesses and players. They discuss the impact of regulatory shifts, market expansion, the adoption of cryptocurrency and most notably, the pivotal role of AI in combating iGaming fraud.  And of course, Thomas and Kris will be sharing their actionable advice for businesses and individuals on staying protected against fraud now and into the future. Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/company/sumsubSumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukKris Galloway on LinkedIn: https://www.linkedin.com/in/krisgalloway/  

"You ultimately become a victim of your own success because you’re doing really well as a business but scrambling around trying to make sure your compliance can keep up.”In this fact-filled episode covering APP fraud, Thomas sits down with James Nurse, Managing Director at FINTRAIL, a leading global financial crime consultancy. Thomas and James unpack recent cases involving Revolut and Coinbase, drawing comparisons between the two. They look at the staggering £459.7 million stolen by criminals in the UK in 2023 and dig into the alarming rise of scams. James also breaks down the UK reimbursement rules, set to be enforced in October 2024, which shift liability to payment providers.  And as always, our guest will be providing their practical advice to businesses and consumers in safeguarding themselves against fraud.  Sumsub's website: sumsub.com  Sumsub's LinkedIn: linkedin.com/company/sumsubSumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom  Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk  James Nurse on LinkedIn: https://www.linkedin.com/in/jamesnurse/