Event
Secure Horizons
Strengthening Canada’s Fraud Defenses
EY Tower, 100 Adelaide St. W., 40th floor, Toronto
A Feedzai & EY Executive Forum
Date: Tuesday, June 25, 2024 Time: 2:30 – 5:30pm Location: EY Tower, Toronto
Register Now
Overview
Join EY and Feedzai for an exclusive, invitation-only, event where leaders from Canada’s banking and payments industries convene to share cutting-edge strategies, explore transformative technologies, and forge a united front against fraud and scams. We’ll explore AI solutions, discuss proactive defense against GenAI threats, and come together to strengthen Canada’s financial security.
Agenda:
- 2:30 PM – Registration
- 2:45 PM – Panel 1: United Against Fraud: Strategies for Enhanced Prevention and Security
- 3:45 PM – Panel 2: Generative AI: The New Frontier of Fraud Threats and Prevention
- 4:30 PM – Networking: Cocktails and Hors d’oeuvres
Panel 1
United Against Fraud:
Strategies for Enhanced Prevention and Security
This session aims to catalyze effective innovation and collaboration as an ongoing commitment among Canada’s financial leaders. By breaking down silos and leveraging collective knowledge and technology, Canadian banks can protect their customers more efficiently and build a resilient defense against the rising tide of financial scams.
Panelists:
- Mathieu Auger-Perreault, Partner and National Fraud Risk Consulting Leader, EY
- Dan Holmes, Fraud Prevention SME, Feedzai
Moderator:
- Ramzi Bou Hamdan, Partner, FinCrime Risk Consulting Leader, EY Canada
Together, we’ll explore key themes
Advanced Analytical
Strategies
Delve into the transformative potential of deploying advanced data analytics, like AI and machine learning, data sharing, and inbound payments monitoring. These techniques are increasingly utilized to expand the threat detection network, address advanced payment fraud trends and tackle mule accounts. Enhance the predictive capabilities of fraud detection systems using historical knowledge, transaction analysis, and contextual data.
Unified Framework Against Fraud
Explore the development of a collaborative framework where financial institutions operate not as isolated entities but as a unified front. This includes sharing real-time intelligence on scam trends and ensuring a holistic security posture across all customer touch points and IT infrastructures. What could the role of Canadian consortium scoring and databases have on advanced fraud typologies?
Stopping Scams Before Origination
Discuss strategies to mitigate the origination of scams across non-banking channels, like fake advertisements, emails, calls, social media and telco providers.
Panel 2
Generative AI:
The New Frontier of Fraud Threats
and Prevention
As an industry, we are constantly innovating, but so are fraudsters. Generative AI (GenAI) is a powerful new tool that fraudsters are starting to exploit. This session dives into the potential threats posed by Generative AI and explores the exciting possibilities it also offers for fraud prevention. Together, we’ll explore Generative AI fraud threats, including synthetic identity theft, deepfakes for account takeover, doctored financial documents, and evolving malware and phishing attacks
Panelists:
- Hugo Ferreira, Director of Research Data Science, Feedzai
- Yara Elias, Ph.D., AI Risk Lead & Risk Analytics Senior Manager, EY
Moderator:
- Jasbir Anand, Customer Strategy and Value Engineering Lead, Feedzai
Key topics
Synthetic Data
Generation
Create realistic, anonymized training data for AI and machine learning models, improving their ability to detect novel and evolving fraud patterns.
Anomaly
Detection
Train AI models to identify subtle inconsistencies in data that might indicate a synthetic identity or a doctored document.
Behavioral
Biometrics
Analyze user behavior patterns (typing speed, mouse movements) and use Generative AI to create anomaly detection models that flag suspicious deviations.
Proactive Threat
Modeling
Utilize GenAI to simulate future fraud scenarios and proactively develop defenses against emerging threats.
