Understanding and Avoiding Triangulation Fraud with Soups Ranjan
Easy Prey6 Nov 2024

Understanding and Avoiding Triangulation Fraud with Soups Ranjan

As consumers, we may realize the need to be vigilant by using two-factor authentication and password managers, but there are so many scams out there that can impersonate legitimate organizations, websites, and people. We really can't let our guard down.

Today's guest is Soups Ranjan. Soups has over 18 years of experience in software engineering, data science, and risk management. He is the co-founder and CEO of Sardine. This behavior-infused platform offers fraud prevention, compliance, and payment solutions for various industries including banking, online marketplaces, FinTech, crypto, online gaming, and gift card exchanges. Previously, Soups led the Risk and Data Science teams at CoinBase, where he scaled the platform and enabled millions of users to buy, sell, and store cryptocurrency securely and efficiently.

Show Notes:
  • [1:15] - Soups shares his background and information about his company, Sardine.
  • [4:30] - He has not been a victim of a scam online but did experience an in-person scam.
  • [6:57] - Sardine works with a diverse set of clients. Trends differ based on the industry. One major trend is an increase in triangulation fraud.
  • [9:07] - Once they have card details, they can pretty much do whatever they want with it.
  • [11:40] - Even on a contactless card, using tap-to-pay, be careful. Don't hand over your device.
  • [12:43] - It is becoming increasingly difficult to verify the identities of merchants.
  • [15:21] - There is a big rise in scams as a result of the demand for real-time money transfers and exchanges.
  • [17:45] - Some scammers are instructing victims to install screen viewers and recording tools.
  • [19:50] - Machine learning is used to help protect clients.
  • [21:41] - There are intrinsic behaviors that Sardine monitors to watch for unusual activity.
  • [24:41] - Soups describes some of the other types of data that is observed in addition to behavior.
  • [27:08] - Soups explains 3D Secure and what the benefits of this system are.
  • [30:41] - Dollars lost to scams have far surpassed the dollars lost to fraud.
  • [33:37] - The United States is behind in regulatory measures.
  • [35:59] - It is best to work with banks that take fraud and scams very seriously.
  • [37:15] - Soups lists some of the red flags and be on the lookout for.
  • [39:44] - It is extremely important to protect your email address in the same way you protect your bank account.

Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.

Links and Resources:

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(342)

Hidden Phone Tracking

Hidden Phone Tracking

Your phone gives off a surprising amount of information just by being connected to a cellular network. Things like your location, who you communicate with, and your daily patterns can all become part ...

23 Sep 45min

Ransomware Evolution

Ransomware Evolution

Ransomware has changed dramatically over the years. What started as criminals locking up individual computers and demanding relatively small payments has grown into a much larger operation involving s...

16 Sep 40min

The Counterfeit Economy

The Counterfeit Economy

A counterfeit handbag may leave someone disappointed. A counterfeit medication, airbag, or child's car seat can do far more damage. Fake products now reach into nearly every part of daily life, and ma...

9 Sep 43min

The Internet is Playing You

The Internet is Playing You

A convincing lie no longer needs to look suspicious. It can appear in a familiar social media feed, come from someone who seems real, or arrive as a video that looks almost impossible to fake. By the ...

2 Sep 44min

The Psychology of Yes

The Psychology of Yes

It is easy to say you would never fall for a scam when you are looking at the situation from the outside. In the moment, though, things can feel much less obvious. A request may sound reasonable, the ...

26 Aug 49min

Drink Spiking

Drink Spiking

A drink can be out of your sight for only a moment, but that may be all it takes for someone to tamper with it. Spiking can happen in bars, restaurants, festivals, and even among people who already kn...

19 Aug 35min

Love, Lies and Locked Up

Love, Lies and Locked Up

What sounds like the plot of a crime thriller was Sharon Armstrong's real life. An online romance drew her into an elaborate web of lies involving overseas contracts, invented emergencies, and several...

12 Aug 52min

The Recruitment Trap

The Recruitment Trap

Everybody is searching for ways to increase income. Unfortunately, MLMs often look like an easy way to start a business without taking on the cost of a traditional company. The pitch sounds simple. Bu...

5 Aug 51min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
fotballpodden-2
popradet
stopp-verden
saken
dine-penger-pengeradet
det-store-bildet
nokon-ma-ga
rss-gukild-johaug
rss-espen-lee-usensurert
rss-ness
hanna-de-heldige
e24-podden
bt-dokumentar-2
aftenbla-bla
frokostshowet-pa-p5
rss-penger-polser-og-politikk