Mr. Ramakrishna Ramadugu

Digital Arrests and the Rise of Social Engineering in Payments

Abstract:

Digital arrests are a new form of social engineering scam where fraudsters impersonate law enforcement, financial institutions, or regulatory bodies to intimidate victims into transferring funds or sharing sensitive information. These scams leverage psychological pressure, urgency, and fear to manipulate victims, resulting in severe financial losses. This talk explores the evolution of social engineering in digital payments, real-world case studies, the impact of AI in enhancing scams, and cutting-edge fraud prevention strategies. Attendees will gain insights into how the payment ecosystem can adapt to mitigate these risks through technology and policy enhancements.

Profile: 

Ramakrishna Ramadugu is a distinguished FinTech expert with over 20 years of experience in the payments domain, combining deep expertise in AI, cybersecurity, green technologies, and payments to drive innovation in the financial services industry. His extensive contributions include published research on cutting-edge topics such as ISO payment standards, AI-powered fraud prevention, and cybersecurity frameworks. He has also served as a reviewer for various IEEE conferences, enriching the academic and professional community with his insights and thought leadership. His ability to analyze complex payment ecosystems and identify emerging risks makes him an engaging and impactful keynote speaker.

Currently, Ramakrishna is leading initiatives to develop advanced tools for database comparison using Generative AI, enhancing efficiency and accuracy in payment systems. He has also authored in-depth works on ISO Messages for US Clearings and FED ISO Standards, offering valuable knowledge to subject matter experts, business analysts, and product owners. His commitment to advancing technological solutions and addressing real-world challenges in the payments domain underscores his role as a thought leader, shaping the future of secure and efficient financial transactions.