Episode 123

Credit Washing: Not as "clean" as it sounds w/ Frank McKenna

Published on: 23rd August, 2022

Fraudology is presented by Sardine.

Frank McKenna, co-founder of Point Predictive & the author behind the popular blog "Frank on Fraud" is back to talk about a topic he thinks doesn't get as much attention as it should: Credit Washing.

  • What is "credit washing" & why has it spiked in the US since 2018?
  • Why is it so bad, and what companies/financial institutions does it impact most? What are some ripple effects into other industries caused by this practice?
  • Why is the US Department of Justice starting to take this more seriously and crack down on the biggest offenders? (But is that enough?)

Frank will break down this type of fraud that is impacting banks & Fintechs at an exorbitant amount, why this problem will continue to grow and impact most parties within a financial eco-system if it's not rectified soon.

To read the article referenced in this episode:

https://frankonfraud.com/fraud-trends/ftc-investigator-finds-suspect-credit-washing-pattern/

Fraudology 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.

Mentioned in this episode:

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About the Podcast

Fraudology Podcast with Karisse Hendrick
Join Fraud Fighter Karisse Hendrick twice a week for deep dive interviews and weekly fraud news.
If you work in online fraud prevention, chances are you've caught the "bug". The bug that makes you passionate about identifying & preventing cybercriminals from getting away with stealing from your company, or your client's companies. Most people who have made cyber-fraud their career have the perfect balance of analytical and social skills, a strong sense of justice and the curiosity that will drive you to go down every path of information until you "crack the case".

Just like sociology is the study of social behavior, and psychology is the study of human behavior, Fraudology is the science and study of fraud.

On the Fraudology podcast, long-time online fraud expert, Karisse Hendrick will dive into all areas of Fraudology from the perspective of a fraud-fighter. With guests ranging from former cybercriminals to fraud-fighters at Fortune 500 companies to law enforcement and others, you will no doubt be entertained, while learning a lot about fraud & other forms of abuse prevention!

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Karisse Hendrick