The Asian Bankers Association (ABA) and Fintelekt Advisory Services jointly organised a virtual workshop on Fraud Trends and Fraud Management on March 19, 2025.
The resource person for the workshop was Dr. J. Michael Skiba, a.k.a. Dr. Fraud, an international consultant and expert on financial crime. Michael has a PhD with a research focus on financial crime. He is Program Director of Criminal Justice at Colorado State University Global Campus and is highly sought after in the media.
Arpita Bedekar, Chief Operating Officer, Fintelekt facilitated the workshop, which brought together more than 70 financial crime compliance professionals from 14 countries in Asia.
Michael started with an anecdote that demonstrated that fighting fraud is sometimes as easy as outrunning your closest friend in a race. With an explosion in the number of connected devices, it often takes just one click to compromise an organisation’s data and accounts.
Michael brought in several case examples from his own experience as he explained the techniques and typologies used by criminals including cryptocurrencies, technologies using artificial intelligence such as deep fakes and voice cloning and phishing.
He then turned to the internal controls and fraud detection mechanisms that organisations can use to combat the growing incidences of fraud. Open-source intelligence was one of the important tools that he mentioned, for organisations to leverage and stay up to date with current trends.
The workshop concluded with an interactive Q&A session, in which participants brought up issues such as the efficacy of https security protocol, frameworks for detecting internal employee frauds, and early warning signals which can be leveraged to prevent frauds.
All attendees received a Fintelekt-Asian Bankers Association Certificate of Completion for participating in the workshop.
