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In this episode of the Fraudology podcast, host Karisse Hendrick dives deep into the latest developments in online fraud and cybersecurity. She kicks things off with a shocking revelation about a major data breach at McDonald's, where weak password practices exposed 64 million applicant records. This serves as a stark reminder of the importance of basic cybersecurity measures like strong passwords and multi-factor authentication.
Hendrick then shares alarming new data showing a 20% increase in credit card fraud losses over the past 15 months, highlighting the growing threat landscape. But the most fascinating segment features an in-depth look at what happens when your personal data is leaked online, as told through the firsthand experience of fraud researcher David Miman. After being "doxxed" by cybercriminals, Miman was able to track how his stolen identity was exploited over time - from immediate attempts to open fraudulent accounts to more targeted schemes months later. His story provides rare insight into the lifecycle of stolen data in criminal networks.
The episode wraps up with a heartbreaking account of an elaborate imposter scam that cost one woman her entire retirement savings. Through interviews with the victim, Hendrick breaks down how the scammers built trust over time and exploited the victim's compassion to steal nearly $600,000. Listeners will come away with a deeper understanding of today's fraud landscape and practical tips to protect themselves.
Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line.
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She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.
