Prevention and Repression If there’s one thing I’ve learned over time, it’s that shared knowledge has transformative power. The topics covered at FEBRABAN’s 2nd Fraud Prevention and Suppression Congress were so relevant that it would be a waste not to bring these insights to more people. When it comes to security and combating fraud, I firmly believe that sharing is multiplying. The more we discuss strategies, challenges, and trends, the more we strengthen the market against increasingly sophisticated threats. I’ve organized the main lessons learned from the event into a few specific topics. Let’s get started!
Shared Bases in the Financial Segment
One of the most discussed topics at the Congress eliminate the emotional factor in business decisions was the use of shared databases in the financial sector. Here are some key points:
The Central Bank of Brazil (BCB) reinforced that Joint Resolution No. 6 (RC6) was created to improve the risk decisions of financial institutions, and not to expand the BCB’s supervision.
The Transactional Account Identifier Directory (DICT) and the Prevention and Repression RC6 shared database
complement each other, and the expectation
that all institutions will use both to strengthen risk management.
There is a movement to expand the integration increase your roi with digital marketing of the RC6 fraud database with other databases that will still be structured by financial sector associations, such as Abecs (Brazilian Association of Credit Card and Services Companies).
Data quality and integrity are still challenges. The financial sector needs to mature in the use of this information on a large scale to optimize risk management.
The BCB, in partnership with the Interoperability Committee, will begin a detailed analysis of the data from the RC6 fraud database. It is worth noting that ClearSale is one of the official RC6 suppliers , representing one of the largest fraud databases in the financial market. Learn more here.
Orange Accounts: The Challenge of the Moment
The problem of shell accounts continues to grow and numbers lists become a critical challenge for the financial system. Some highlights:
The Central Bank and financial institutions consider this one of the biggest current challenges.
Criminals have become more sophisticated in their strategies, leaving accounts dormant for long periods of time before using them, making them harder to detect. To combat this, some institutions are implementing predictive models to identify suspicious accounts before they are used for fraud.
There is a movement to increase accountability
for institutions that maintain shell accounts in their portfolios and also for individuals involved, who may be indicted for crimes such as forming a criminal gang .
According to the Director of Cybercrime Combat at the Federal Police, the “front man” is the weakest leg of a criminal organization . In other words, mapping these networks is essential Prevention and Repression to understanding the modus
operandi of fraud.
In the past financial institutions
were more concerned with money going out. Today, with the rise of shell account networks, there is an increasing focus on analyzing money coming in .
ClearSale also offers solutions for the preventive detection of fake accounts , helping companies identify these non-obvious cases. Check out more details here.
Fraud Prevention, Scams and the Role of AI
Digital security is a game of strategy, and some trends were highlighted at the event:
CyberIntelligence & Fraud Prevention:
Analyzing the deep web and dark web can help in the preemptive detection of attacks. Scam prevention techniques are different from fraud prevention techniques . Some institutions already send personalized alerts to customers about to fall for scams, combining behavioral biometrics and transactional analysis .
The big digital security dilemma continues to be friction vs. Prevention and Repression customer experience . The key to minimizing this impact lies in building legitimate trust with users.
