Becky Holmes on Evolving Fraud and Why Prevention Needs a Human Touch
Summary
In a Fusion Fireside episode, Becky Holmes discusses how AI, cryptocurrency, and social media are changing fraud, and why prevention needs better collaboration, victim insight, and attention to shame and stigma.
Key points
- AI, cryptocurrency, and social media can make scams more scalable, personalized, and difficult to detect, while relying on familiar tactics.
- Banks, law enforcement, technology companies, and regulators often work in silos, limiting collaboration and data sharing.
- Transaction detection tools may struggle with scams built on emotional manipulation and trust.
- Fraud affects people across demographics, but stereotypes and shame can deter victims from reporting it.
- Holmes emphasizes that victim experiences and closer connections between experts, organizations, and victims can improve prevention.
Article Details
- Topic
- Becky Holmes discusses evolving fraud and romance scams, victim experiences, and the need for greater collaboration in fraud prevention.
People
Products
FacebookSocial media plays a central role: Many scams now originate on platforms like X, Facebook, and TikTok.TikTokSocial media plays a central role: Many scams now originate on platforms like X, Facebook, and TikTok.XDuring the COVID-19 lockdown, she began engaging with romance scammers on Twitter/X out of curiosity.