What The Fraud?

Sumsub
  • 5.0 (8)
  • TECHNOLOGY
  • UPDATED BIWEEKLY

Join Thomas Taraniuk in hosting leading minds from the world of AI, fintech, crypto, iGaming, and more. This podcast dives deep into the most pressing issues surrounding digital fraud in business. Each episode dissects key fraud-related issues that companies—both big and small—face today. From deepfakes and identity theft to money mules and forced verification, What The Fraud? is where digital fraudsters meet their match. This is THE podcast for comprehensive, actionable, and up-to-date information on fraud. Listen in to reveal what you can do to protect yourself and your business. Don't want to miss an episode? Follow the show now. CREDITS From Sumsub and This Is Distorted Presented by Thomas Taraniuk, Sumsub Produced by Faye Lyons-White, This Is Distorted Editor - Dave Reilly, This Is Distorted Executive Producer - Alex Jungius, This Is Distorted Executive Producer - Mila Varavina, Sumsub Hosted on Acast. See acast.com/privacy for more information.

  1. Fraud at the World Cup: When Volume Turns into Vulnerability

    MAY 6

    Fraud at the World Cup: When Volume Turns into Vulnerability

    “What happens when the world’s biggest sporting event becomes the perfect environment for fraud to scale?” World Cup Betting KYC: https://sumsub.link/21f The World Cup isn’t just a global celebration of football, it’s one of the largest betting events on the planet. And where volume, velocity, and global participation collide, fraud doesn’t just appear… it accelerates. Our guest this week is Ludovico Calvi, Honorary President of ULIS, United Lotteries for Integrity in Sports. With decades of experience across betting operations and international integrity networks, Ludovico shares how fraud evolves before, during, and beyond major tournaments like the World Cup. From multi-accounting and bonus abuse to AI-driven synthetic identities and coordinated betting syndicates, this conversation explores how fraud has become structured, automated, and global. We look at why major events create the perfect conditions for these systems to thrive, how fragmented markets introduce hidden vulnerabilities, and why no single operator can see the full picture alone. We also dive into the growing role of real-time data sharing, cross-border collaboration, and integrity “war rooms”, and what it takes for betting companies to balance rapid growth with resilient defences. Because in a world where billions are watching and betting… fraud isn’t just playing the game. It’s playing the system. Sumsub's Website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Ludovico Calvi on LinkedIn: https://it.linkedin.com/in/ludovico-calvi-033a5927 Hosted on Acast. See acast.com/privacy for more information.

    53 min
  2. Gaming the System: The Rise of First Party Fraud

    APR 29

    Gaming the System: The Rise of First Party Fraud

    “What happens when the fraudster isn’t a stranger… but your own customer?” Fraud Prevention Course: https://sumsub.link/2qi Businesses spend millions verifying identities, onboarding users, and preventing external attacks. But one of the fastest-growing threats now comes from inside the perimeter: legitimate customers exploiting refunds, disputes, chargebacks, subscriptions, and reimbursement systems for personal gain. Our special guest this week is Richard Bromley, Head of Fraud and Disputes Risk at Monzo Bank. Drawing on years of experience at the sharp end of fraud prevention, Richard explains why first party fraud has become one of the most misunderstood and underestimated risks facing banks, fintechs, merchants, and payment providers today. From false scam claims and refund abuse to subscription traps, social media “hacks,” and organized criminal groups exploiting reimbursement schemes, this conversation explores how customer fraud is evolving from opportunistic behaviour into a scalable criminal model. We also examine why the term “friendly fraud” is dangerously misleading, how businesses can distinguish genuine victims from dishonest claimants, and why behavioural signals, machine learning, investigator expertise, and cross-industry collaboration are now essential to staying ahead. Sumsub's Website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Richard Bromley on LinkedIn: linkedin.com/in/richard-bromley-ica-dip-fcp-4b559a4a/ Hosted on Acast. See acast.com/privacy for more information.

    49 min
  3. When Systems Become the Target: The New Era of Fraud

    APR 15

    When Systems Become the Target: The New Era of Fraud

    “Fraud is no longer about convincing a human… it’s about feeding a system.” Fraud is evolving fast. No longer limited to fake documents or stolen identities, today’s attackers are targeting the very infrastructure designed to stop them, exploiting workflows, reverse engineering systems, and operating at machine speed. In this episode, we explore how fraud has shifted from human deception to system manipulation, and why traditional defences are struggling to keep up. Our special guest this week is Maikel Ninaber, Head of Risk and Resilience for EMEA at Mastercard. Drawing on his experience breaking into systems as an ethical hacker and now defending them at scale, he shares how modern fraud attacks are designed, tested, and deployed. From camera injection attacks and emulator farms to AI-driven fraud and reverse-engineered onboarding flows, this conversation reveals how criminal operations are becoming more structured, automated, and scalable. We also explore why layered defences, real-time detection, and cross-industry collaboration are critical, and what it takes for organizations to stay resilient in a world where fraud moves at machine speed. Sumsub's Website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Maikel Ninaber on LinkedIn: linkedin.com/in/maikelninaber/ Hosted on Acast. See acast.com/privacy for more information.

    46 min
  4. Know Your Agent: The New Frontier of Fraud Prevention

    APR 1

    Know Your Agent: The New Frontier of Fraud Prevention

    "What happens when an attacker gains control of your AI agent and the outside world believes everything it does... is you?" AI agents are already booking travel, managing calendars, and handling day-to-day tasks for millions of people. But as they gain access to our accounts, finances, and personal data, a new question emerges: how do you tell a legitimate agent from a hijacked one? Our guest this week is Mick Amelishko, AI advocate and Senior Engineering Manager at Sumsub, who lives at the intersection of AI development and fraud risk every single day. Mick breaks down what AI agents actually are, why they're so powerful, and why that power makes them an increasingly attractive target for bad actors. From compromised personal assistants and prompt injection attacks to the emerging concept of Know Your Agent (KYA), this conversation explores what happens when automation becomes indistinguishable from real user behaviour. We look at how fraudsters can weaponise agent access to drain accounts, impersonate users, and cause damage across multiple platforms, and what businesses and individuals can do about it. Sumsub's Website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Mick Amelishko on LinkedIn: linkedin.com/in/amelishko Hosted on Acast. See acast.com/privacy for more information.

    50 min
  5. Synthetic Identities: When Data Becomes a Persona

    MAR 18

    Synthetic Identities: When Data Becomes a Persona

    “What happens when a fraudster doesn’t steal an identity… but builds one from scratch?” Synthetic identities are one of the fastest-growing threats in financial crime. Built from fragments of real and fabricated data, these identities can pass onboarding checks, behave like legitimate users for months or even years, and then suddenly “bust out”, leaving businesses with significant losses. Our special guest this week is Steve Lenderman. Drawing on decades of experience investigating fraud, Steve shares how synthetic identities are created, how they evolve over time, and why this threat has grown from a credit-card problem into a global issue affecting fintech, payroll, government programs, and beyond. From bot-generated identities and AI-assisted fraud to sleeper accounts, bust-out schemes, and synthetic businesses, this conversation explores how organized crime groups and even nation-state actors are scaling these attacks. We also look at why collaboration between industries is critical, how behavioural and device intelligence can reveal hidden patterns, and what companies can do to detect synthetic identities before the damage is done. Mentioned in this episode – how Device Intelligence detects synthetic identities early: https://sumsub.link/ykm Sumsub’s Website: sumsub.com Sumsub’s LinkedIn: linkedin.com/sumsub Sumsub’s Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub’s YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Steve Lenderman on LinkedIn: https://www.linkedin.com/in/steve-lenderman Hosted on Acast. See acast.com/privacy for more information.

    43 min
  6. iGaming Fraud Insights – ICE Barcelona Part 2

    FEB 5

    iGaming Fraud Insights – ICE Barcelona Part 2

    Fraud in iGaming is shaping how operators grow, how regulators respond, and where investors place bets. Recorded live at ICE Barcelona in partnership with the C-Suite Podcast, this is Part 2 of our special What The Fraud? series on the widening global fraud landscape in iGaming. Kris Galloway, iGaming Product Evangelist at Sumsub, took over hosting duties and he was joined by:  Daniel Xavier, COO, BetMGM Brazil Andrew Wright, Managing Director UK & Ireland, LeoVegas Group Adrianna Samuels, Vice President - Senior Client Partner | Gaming, GlobantTorben Friis, Manging Director - Global Head of Distribution, Match Liquidity They cover the tension between player acquisition and fraud prevention, the ongoing challenge of unlicensed operators, Brazil’s evolving regulatory framework, why fraud risk is increasingly part of financial due diligence and investment decisions, and how major events like this year’s World Cup can open up new fraud angles for sportsbooks. From bonus abuse and multi-accounting to AI-driven threats, the episode maps how the risk environment is shifting for operators worldwide. Sumsub's website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Hosted on Acast. See acast.com/privacy for more information.

    40 min
  7. iGaming Fraud Insights – ICE Barcelona Part 1

    FEB 4

    iGaming Fraud Insights – ICE Barcelona Part 1

    Unlicensed operators and AI-enabled fraud are scaling faster than most safeguards. Regulators, operators, and tech providers are being forced to rethink what “player protection” actually means, and how to enforce it across borders. This is Part 1 of 2 special episodes of the What The Fraud? podcast, recorded live at ICE Barcelona. Guest host Kris Galloway, iGaming Product Evangelist speaks with Olabimpe Akingba, Head of Responsible Gaming at pawaTech, Ludovico Calvi, Honorary Presidentof United Lotteries for Integrity in Sports, and Sarah Gardner, Deputy Chief Executive Officer at UK Gambling Commission, about where the market is breaking: responsible gaming that goes beyond box-ticking, industrialised fraud networks, underage exposure risks, and the uncomfortable reality that no single stakeholder can solve this alone. They dig into what actually moves the needle: better use of data, clearer player education, and tighter cooperation between regulators, operators, technology providers, and law enforcement. The takeaway is simple: safe, sustainable gaming will be decided by how well the industry can coordinate enforcement and prevention across jurisdictions, not by adding more isolated controls. Sumsub's website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Hosted on Acast. See acast.com/privacy for more information.

    39 min
  8. An Ex-Fraudster's Guide to Staying Safe

    JAN 7

    An Ex-Fraudster's Guide to Staying Safe

    "We can't possibly think of victims as being stupid." We often think of fraud victims as gullible or careless. But what if the real story is about ruthless targeting by increasingly sophisticated criminals? What if AI, deepfakes and quantum computing are making it impossible to tell what's real anymore? Our guest in this episode is Alex Wood, counter fraud expert, international keynote speaker, part of the BBC Radio 4 Scam Secrets team and, in a former life, a prolific fraudster who spent 20 years defrauding victims of millions before serving three prison sentences and turning his life around. Alex joins host Thomas Taraniuk to discuss the sophistication shift, where fraud attempts are dropping but success rates are climbing, powered by AI that makes attacks more targeted and devastating. From his former life recruiting English women as callers for organised crime networks to his current work advising the Home Office on Hawala money laundering networks funding small boat crossings, this episode reveals the insider perspective businesses need to hear. Alex explains why prison was a breeding ground for fraud conspiracies rather than a deterrent, how ChatGPT would have made him ten times more prolific and harder to catch, and why the fake Duke of Marlborough scam worked for seven months simply because luxury hotels refused to share data with competitors. Whether you're protecting your business or trying to spot the red flags in your own life, this conversation offers crucial insights into the criminal mind, the collaboration gaps that fraudsters exploit, and why the next frontier might be quantum computing breaking military grade encryption in minutes rather than months. Sumsub's website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Instagram: instagram.com/sumsubcom Sumsub on X: x.com/Sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Alex Wood on LinkedIn: linkedin.com/in/beatfraud/ Hosted on Acast. See acast.com/privacy for more information.

    46 min
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Ratings & Reviews

5
out of 5
8 Ratings

About

Join Thomas Taraniuk in hosting leading minds from the world of AI, fintech, crypto, iGaming, and more. This podcast dives deep into the most pressing issues surrounding digital fraud in business. Each episode dissects key fraud-related issues that companies—both big and small—face today. From deepfakes and identity theft to money mules and forced verification, What The Fraud? is where digital fraudsters meet their match. This is THE podcast for comprehensive, actionable, and up-to-date information on fraud. Listen in to reveal what you can do to protect yourself and your business. Don't want to miss an episode? Follow the show now. CREDITS From Sumsub and This Is Distorted Presented by Thomas Taraniuk, Sumsub Produced by Faye Lyons-White, This Is Distorted Editor - Dave Reilly, This Is Distorted Executive Producer - Alex Jungius, This Is Distorted Executive Producer - Mila Varavina, Sumsub Hosted on Acast. See acast.com/privacy for more information.

Information

  • Creator
    Sumsub
  • Years Active
    2024 - 2026
  • Episodes
    46
  • Rating
    Clean
  • Copyright
    © Sumsub
  • Show Website
    What The Fraud?

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