Understanding the Impact of Conflict and Sanctions on Card Fraud Trends
The Russian invasion of Ukraine has created a humanitarian crisis and caused immeasurable human suffering. In response, Western countries have imposed strict sanctions, and many global companies have chosen to cease or severely limit the scope of their operations in Russia. These measures have drastically limited the flow of financial transactions between Russia and the West. However, from the perspective of card fraud — one of the most pervasive forms of financially motivated cybercrime — these measures do not prevent Russian-based threat actors from compromising payment cards or monetizing cards through cashout schemes. In fact, the sanctions imposed likely incentivize them to turn to payment fraud as a means for improving their financial situation.
In this webinar, payment fraud experts from Recorded Future cover research and provide an exclusive look into:
- The changes occurring in the fraud ecosystem over the past six months and a discussion on what is expected to happen in the next six months
- How Russia’s invasion of Ukraine has lead to increased cybercrime and what that means for financial institutions not operating in either country
- A forecast on the political and socioeconomic effects of the invasion
Upcoming Webinars: Recorded Future webinars feature insights from well-known experts from inside the world of security intelligence.
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