Fraudology is presented by Spec. Join us at MRC in Las Vegas and mention code word FRAUDOLOGY at booth 306 for your secret Spec swag.It's been just 3 weeks since the sudden collapse of Silicon Valley Bank. In this solo episode of Fraudology, Karisse shares some of the opportunistic fraud methods deployed toward SVB banking clients, other banks & financial institutions welcoming new business bank accounts opened quickly, and schemes targeting the AP (Accounts Payable) departments of businesses of all sizes. She also explores the ways cybercriminals take advantage of the volume of new account openings, and while third-party fraud attack rates have returned to normal, synthetic fraud account opening attempts are still much higher since the SVP closure. This information is not only important for fraud fighters to continue to know what to be on the lookout for currently, and what to communicate to the appropriate teams w/i their companies who could be prime targets; but also to provide lessons that should be learned now, in case a similar bank collapse occurs again. Because, as she points out, history often has a way of repeating itself; so it's important to learn from the fraud ecosystem's response to this bank collapse to be prepared if/when something similarly occurs in the market.Articles referenced in this episode:"A Storm of Silicon Valley Bank Scams on Customers" - Frank on Fraudhttps://frankonfraud.com/fraud-trends/a-storm-of-silicon-valley-bank-scams-descends-on-customers/"SVB & Signature Bank Failures Cause Unusual Spikes in Fraud" - Socure Bloghttps://www.socure.com/blog/svb-and-signature-bank-failures-cause-unusual-spikes-in-fraud"What Every Fraud Executive Should Be Aware of in Times of Banking Turmoil" - Socure Bloghttps://www.socure.com/blog/what-every-fraud-executive-should-be-aware-of-in-times-of-banking-turmoilFraudology 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. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast semi weekly, on Tuesdays and Thursdays.