‘WTF’ as in ‘What The Fraud?’, Sumsub’s new podcast on digital fraud

Rick Steves

“We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast.”

Podcast: trading the Brexit

Sumsub has announced the launch of its new podcast, ‘What The Fraud?’, aiming to explore the impact of digital fraud on businesses and discuss challenges and prevention strategies in the face of rapid AI developments.

Featuring guest experts from various fields such as AI, cybersecurity, fintech, crypto, and iGaming, the podcast will provide insights into protecting businesses against advanced fraud.

Deloitte forecasts $23 billion in losses to ID fraud

The creation of ‘What The Fraud?’ is part of the global verification platform’s response to the growing threat of digital fraud, highlighted by incidents such as a Hong Kong-based employee transferring US$25M to scammers due to a deepfake video.

With synthetic identity fraud expected to cause at least US$23 billion in losses by 2030, according to Deloitte Center for Financial Services, the podcast seeks to educate and inform business owners, risk managers, and compliance officers about fraud prevention.

The first season will focus on fraud challenges in crypto, iGaming, fintech, and other industries, offering expert predictions, actionable advice, and clear takeaways. The initial episodes feature discussions on 2024 fraud trends with fraud consultant Peter Taylor, and AI-powered fraud with generative AI and synthetic realities expert Walter Pasquarelli.

Hosting the podcast will be Thomas Taraniuk, Head of Partnerships, UK at Sumsub. “We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast,” said Taraniuk.

“We’ll cover the most pressing issues around fraud that businesses face today–from deepfakes and identity theft to account takeovers, money mules, and forced verification. Tune in for the most comprehensive and up-to-date lowdown on fraud and discover how to safeguard your business.”

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