#Digital Identity #Behavioral Biometrics #Fraudprevention

Rafael C. Abreu has 20 years of experience in financial services and fraud prevention. As Director of Planning and Market Strategy at LexisNexis Risk Solutions, he is responsible for the strategic direction of Fraud and Identity solutions for the Latin America and Caribbean region, driving product strategy and innovation aligned with current and future customer needs. Prior to joining LexisNexis Risk Solutions, he was Director of Product Management at Diebold Nixdorf, where he was responsible for the global Fraud Prevention portfolio and later CEO at Grupo Software where, under his leadership, the company was named FLCAJ Florida’s Readers’ Choice Awards as the Best Community Management Software. Rafael holds a bachelor’s degree in Electrical Engineering and a master’s degree in Business Economics.

CONFERENCE

The True Cost of Fraud™ Latin America Study

The True Cost of Fraud™ Latin America Study offers a timely picture of current fraud trends in Latin America’s financial services and lending industries by analyzing in-depth surveys from over 200 risk and fraud executives every year. Building on 14 consecutive years of research, the study explores the evolution and expansion of fraud and shares insights and recommendations on how to better protect your business, successfully manage fraud risks and strengthen customer trust and loyalty. The cost of fraud is more than the actual dollar value of a fraudulent transaction. It includes additional costs related to labor/investigation, fees incurred during the applications/underwriting/processing stages, legal fees and external recovery expenses. The LexisNexis Fraud Multiplier determines the actual cost of fraud based on calculating these additional costs.