In this podcast, Dave Erickson and his knowledgeable co-host Botond Seres; are going to look for Cyber-Fraud and see how to deal with it, with Jason Costain the Director at Javloc Ltd. With over 25 years of leadership experience in safeguarding corporate assets, he has worked with some of the UK’s largest banks - to streamline operational fraud risk and enhance business performance through innovative strategies and advanced technologies - which allows them to navigate complex fraud threats while maintaining efficiency and growth. As the founder of Javloc, a consultancy that delivers cutting-edge solutions in fraud risk management and business resilience - Jason has helped individuals and businesses stay ahead of emerging risks by integrating state-of-the-art fraud defense systems, biometric authentication, and artificial intelligence into their risk management frameworks. Jason is also a recognized thought leader whose expert insights have been featured in The Wall Street Journal, Forbes, The Daily Telegraph, and The Times. SUMMARY TIMELINE0:03 Cyber Fraud and Business Vulnerabilities 4:30 Common Types of Cyber Fraud7:14 Practical Measures for Businesses 11:46 Internal Fraud and Employee Behavior 16:50 Advanced Fraud Techniques and Prevention 17:04 The Role of AI in Fraud Prevention 22:05 Card Scan Skimmers32:22 Authentication Standards37:05 Email Security39:09 BYOD Devices46:11 AI and Cyber-Fraud54:21 Javloc Limited 55:41 Future of Fraud Prevention and Final Thoughts 59:11 Outro If you have questions for our Podcast Hosts or Guest, you can reach them here: Dave Erickson = https://www.linkedin.com/in/daveerickson1/ Botond Seres = https://www.linkedin.com/in/botondseres/ GUEST: Jason Costain = https://www.linkedin.com/in/jason-costain-b529746/ Website = https://www.javloc.com/ Additional Bio: Fraud Prevention ConsultantExecutive SummaryJason Costain is a banking fraud trouble-shooter, and the founder of Javloc Ltd, a consultancy specializing in fraud prevention and financial crime defense. Jason has leveraged over 30 years of expertise to assist banks and organizations in strengthening their defenses against fraud, and financial crime. Extended Description:Jason Costain is a leading fraud prevention expert with a career spanning more than three decades. Before founding Javloc Ltd, Jason led fraud and financial crime defense teams at prominent UK banks, where he played a pivotal role in combating emerging threats such as authorized push payment (APP) fraud and cryptocurrency-related scams. Jason holds an ICA Diploma inFinancial Crime Prevention, underscoring his commitment to staying at the forefront of the field. In 2023, Jason established Javloc Ltd to provide specialized consulting services aimed at helping financial institutions and businesses enhance their fraud detection and prevention capabilities. As the Director of Javloc, Jason focuses on implementing cutting-edge technologies and strategies to mitigate fraud risks. Throughout his career, Jason has demonstrated that significant improvements in fraud prevention can be achieved primarily through building skilled teams to exploit pre-existing technology that banks use. Jason has been instrumental in driving innovations such as real-time payment monitoring systems, biometrics, AI-driven risk scoring, and customer-centric fraud education. These measures have significantly reduced fraud losses across UK banks while improving customer protection standards. Jason actively contributed to shaping the UK's voluntary reimbursement code for scam victims and led NatWest Group’s response to scams, which has set a global benchmark for fraud prevention best-practice. His work has encouraged banks to invest in customer-centric fraud detection technologies and adopt more robust reimbursement policies. Jason emphasizes the human element in fraud prevention, sharing stories of scam victims to highlight the importance of empathy in policy-making. Jason believes that sharing fraud prevention best practice between banks and educating customers about fraud risks is critical. Jason envisions a collaborative ecosystem where banks work with key players such as crypto firms, regulators, telcos and technology providers to create a hostile environment for fraudsters. Through Javloc Ltd, he aims to lead this transformation by combining advanced technologies with customer-first strategies to build trust and resilience across industries. ScreamingBox Technology & Business Rundown was born from ScreamingBox’s desire to discuss, analyze, and share the impact technology has on business and the world. Our four hosts all have extensive technology backgrounds and growing businesses to succeed.
