Raksha
Vashishta
Product Owner at VERRA Mobility
"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
Wed May 21 - 5:50 PM EDT/New York (See in local time)
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05/21/2025 5:50 PM
05/21/2025 06:10 PM
America/New_York
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"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
#WTGC2025
"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
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"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
"Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade "
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Session: Deepfake & AI driven Frauds- Largest Challenge in payment security in the next decade
One of the most passionate topics I am currently halfway through writing a research paper on is unmasking the next-generation threat to payment systems, specifically AI-driven frauds- I intend to speak on the evolving landscape of AI-enabled frauds resulting from the use of complex algorithms to mimic legitimate behaviors. Most recent investigations show that AI-driven frauds have surged by approximately 35-40% in the past three years. Broad learning objectives from the session would be;1) Identifying fraud types(traditional Vs. AI-enabled frauds), Analyzing data trends (Statistical trends, the economic impact of AI frauds on payment ecosystems)
2) Ecaluate Case studies- Review real-life instances of the use of AI for fraud detection and as a tool to commit fraud.
3. Explore Technological Countermeasures and & Strategic frameworks- ML models for anomaly detection and zero trust architectures. Prevention frameworks to ensure proactive risk management & rapid responses.
Key Takeaways
- 1) Identifying fraud types(traditional Vs. AI-enabled frauds), Analyzing data trends (Statistical trends, the economic impact of AI frauds on payment ecosystems)
- 2) Ecaluate Case studies- Review real-life instances of the use of AI for fraud detection and as a tool to commit fraud.
- 3) Explore Technological Countermeasures and & Strategic frameworks- ML models for anomaly detection and zero trust architectures. Prevention frameworks to ensure proactive risk management & rapid responses.
Bio
I’m Raksha & my journey is built by resilience, determination and deep belief in the power of hard work. I started my journey in the US in 2019 as a cash application analyst in a retail chain with nothing more than ambition to learn .I have an MS in finance from Virginia commonwealth university, MBA from Christ University, India. Today I’m a product owner at VERRA Mobility with over 6+ years of industry experience , wherein I lead multi million dollar projects that drive innovation in global tech and smart mobility. I’m also a founder of HerTechstory, a platform dedicated to uplifting south Asian women in tech & I actively mentor other professionals to navigate their own paths. I believe that anyone, regardless of where they come from can achieve extraordinary things and I’m committed to helping others see the potential in themselves.