Re:A fraudster got $12M out of a Canadian university
by grecy on Wednesday October 10, 2018 @02:16PM
(#18187521)
> I'd love to fund a startup fixing this problem
I know a great way you can get the funding you need....
Re:A fraudster got $12M out of a Canadian university
by eswat on Wednesday October 10, 2018 @01:54PM
(#18187318)
In particular, this kind of low-tech spoofing could have been mitigated if the email client had highlighted the fact that the sender’s “name” was nearly identical to the sending address, and therefore likely a phishing email.
Re:A fraudster got $12M out of a Canadian university
by deepGem on Wednesday October 10, 2018 @02:05PM
(#18187404)
This seems quite simple to accomplish - compare the name and email address in the email header and flag based on even regex matches/mismatches. Perhaps a Chrome plugin for gmail to test out ?
Re:A fraudster got $12M out of a Canadian university
by timcederman on Wednesday October 10, 2018 @02:39PM
(#18187697)
There is a startup in this space - Agari (www.agari.com)
Re:A fraudster got $12M out of a Canadian university
by charlietango92 on Wednesday October 10, 2018 @01:31PM
(#18187097)
there has to be offerings already out there that address that kind of thing, but maybe not. Either way, I agree, tech has the clear edge on this, so long as the rulesets (or whatever parameters are defined) are correct.
Re:A fraudster got $12M out of a Canadian university
by deepGem on Wednesday October 10, 2018 @02:02PM
(#18187386)
Every major fraud vendor has an AML offering. Be it SAS or FICO or startups such as Feedzai. I am building a startup as well but it is hard to determine how effective these products are. Till date I haven't found data that shows how many money laundering cases were caught by these products and how many of those cases were prosecuted. It's not a very transparent industry, so it's super hard to take on the incumbents. This is just based on a few weeks of conversations I've had with some AML and strategy team members, so by no means this is a generalization.
It's a clear space where technology has the edge over humans and there's huge network advantages (e.g. you see a new account # for a known entity, especially at a different bank it's a big red flag).