FIS is the NAFCU Services Preferred Partner for ATM, Debit Card & Gateway Processing; Credit Card Processing & Servicing.
Listen On:
Key Takeaways:
- [3:19] Check fraud still persists, and the threat extends to digital skimming and malware on e-commerce sites.
- [4:12] Eric predicts that 2024 will see a continuation of BIN attacks, account takeover, and growing concerns about first-party fraud and AI misuse.
- [10:31] Addressing cybersecurity is crucial; now is the time to build a case and act.
- [19:04] Understanding trends in threats is crucial in order to effectively counteract persistent fraud.
Presented By
Eric Kraus
Head of Products and Services | FIS
Eric is the Head of Products and Services at FIS, responsible for Fraud, Risk and Compliance solutions within the Cards and Money Movement Division. In this capacity he leads several teams focused on AML, transactional fraud monitoring and overall financial crime risk mitigation. Eric’s teams include risk/fraud analysts, practice managers, consultants, data scientists and industry subject matter experts, all focused on protecting the assets of financial institutions and consumers.
Eric has been with FIS for 22 years and has held various leadership roles within Merchant, Product and Payment Business teams. Since June 2019, Eric has also been the FIS Site Executive for the St Petersburg, Florida campus of over 2,000 associates. He has hosted and participated in numerous industry panels and focus groups throughout his career related to data analytics, risk management fundamentals, and strategy optimization. He contributes regularly to industry trade publications and news outlets, is a former member of the University of South Florida Advisory Committee for Executive Cyber Security Education and currently serves on Visa’s Industry Risk Executive Council. Eric also serves on the Board of Directors for Chex Systems, Inc. He and the FIS campus community are actively engaged with several local charities such as Feeding Tampa Bay, Southeastern Guide Dogs, and the Bill Edwards Foundation for the Arts.