Perspectives
summary
Overview of concrete work: Federal Reserve Financial Services describes the Payments Improvement group, publishes a scams classifier and a synthetic identity toolkit, and pushes consistent fraud labeling for banks. Cites FINCEN analysis: 42% tied to compromised identity in 2021 (~$22B, $12B from credential compromise). Focuses on combining device and behavioral signals, hashed-device consortiums for shared indicators, and using step-up authentication or transaction blocks when graph analytics flag suspicious routing or account links.
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chapters (11)
- 0:00Introduction and welcome
- 1:26Federal Reserve structure
- 3:30Chris Neeper's background
- 4:34Scams challenge in payments
- 9:55Authentication tools and challenges
- 13:29Information sharing in fraud
- 17:41Best practices and frameworks
- 20:55Engaging with the Fed
- 22:42Reactive and proactive signals
- 24:54Federal Reserve view on passkeys
- 25:59Closing and lunch reminder
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