This is the title I gave to this presentation. It was presented by Frand Abangale. Steven Spielberg made a movie called, Catch Me If You Can”. The movie details his life of crime doing fraud. He then worked for the FBI to teach them how to catch fraudsters.

The presentation was offered by a financial company who offers services for employees of my company.

Frand has three philosophies.
1. Prevention is important.
– 110 billion court restitution. Less than 10% have been paid back
– Once you lose your money you’ll never get it back.
– If you don’t use the technology, you are vulnerable.

2. Verification
– Everything can be duplicated easily these days.
– Before you give any money, you need to verify whom you are working with
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3. Education
– If you’re given tools
– Most people are not criminal-minded and are vulnerable to scam emails and voicemails.

Q: How did the fame (from the movie ‘Catch Me if You can’) change your life?
– It did not change my life.
– After fail time, he would get hired at companies, he advanced up in the company and be offered a position of responsibility and management. They would do a background check three companies would fire him. He realized he couldn’t hide his past. So he decided to educate others about fraud as a job. I’m not happy with being famous. Fame and fortune is not all its cranked up to be
Q: How has technology changed?
– It is four thousand times easier to conduct fraud today. In his time, he had to create and learn how to run a press to forge checks as well as learn how to match four colors to match the appearance for those fake checks. One can use online sources about the target of the fraud and it can only take minutes. You can duplicate anything.
– You also deal with criminals from all over the world.
– Need to be very proactive you can rely upon police or business to protect you.
– Want to be remembered as a loving husband and father and a good guide.
– He is concerned about the ability to turn off someone’s pacemaker. Or to control a car. They are restricted by 35 feet.
– Worried about foreign actors using Cybercrime will become very capable to close down electrical bridges or steal military secrets.
– Every breach is because someone in the company did not do what they were supposed to do or they did not do something they should have.
– Bad people look for a soft spot of their target. One company did not update security patches.
– Companies need to teach employees they have is keeping the information entrusted by their -clients/ customers safe. That comes through education.
– People need to be aware of how they can be tricked.
– Passwords are for tree houses.
– Last six years worked with personal (means true personal. This software eliminates the need of passwords. You identify that individual by their device. A person can use their phone app to confirm who they are.
– Top 5 banks the average banks spends 100 million a year just resetting passwords for their call centers. Eventually, the time will be to get rid of passwords.
– He expects that in the next 2-3 years passwords will decrease and it will influence cybercrimes since 85 % take advantage of passwords.
– Credit card is safer for payments. He spends the credit card money. . You have no liability for theft. If you buy a bad product if the company does not refund he can use the credit card.
– Credit card use can raise our credit score. If used well.
– A bank on debit card money can be taken, and the bank will investigate a crime.
– ATM card: you can get money anywhere in the world. And drop the dollar of the debit to a dollar so you louse only one dollar to fraud.