How scammers are spending their quarantine

PayDirt: A PaymentsSource Podcast with Daniel Wolfe

David Heun, Associate Editor at PaymentsSource, talks to Kevin Gosschalk, CEO and founder of Arkose Labs, about the fraud trends that have emerged over the course of the coronavirus pandemic.

While in lockdown, many of us have done more of our shopping digitally — even for purchases we pick up in person — to reduce the risk of transmitting disease from human contact. We're also consuming more digital content, such as movies and video games, than ever before.

And while we're watching movies, scammers are watching us, looking for new ways to steal our personal data and payments information.

But it's not a free-for-all. Fraudsters want to make the most amount of money with the least amount of effort. This means both finding the weak links to steal data, and using sophisticated bots and other technologies to use their stolen credentials before all the passwords get reset and account numbers get reissued.

Host: David Heun, Associate Editor, PaymentsSource
Guest: Kevin Gosschalk, CEO and founder, Arkose Labs