84. How to Rob a Bank: Inside Financial Fraud Red Teams

Send us Fan Mail Financial fraud is something we hear about ALL the time. It feels like there's a new headline about losses stemming from a hack at a financial institution constantly, and we've all seen shows like The Tinder Swindler where scams of individual consumers can have huge consequences. The problem with most fraud prevention? It's backward-looking. By the time you solve one problem, criminals have found a new way to steal your money. We sat down with Greenway Solutions, a firm working to revolutionize the space not only for financial institutions, but also for their customers, via the use of "red teams". These red teams can at times sound like complex spy operations --- yet at other times are deceptively simple in their approach. We talk about the (terrifying!) magnitude of the financial fraud landscape, how it is changing in the face of AI and deepfakes, and some of the most surprising ways that fraudsters are staying ahead of conventional security measures. To learn more about Greenway Solutions, please visit their website here: https://greenway-solutions.comTo connect with our podcast guests, you can find them on LinkedIn here:https://www.linkedin.com/in/jerrytylman/https://www.linkedin.com/in/pjs1969/https://www.linkedin.com/in/katie-tylman-96b64720b/ Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Subscribe to our Substack: https://substack.com/@thewallstreetskinny