Fraud Management & Cybercrime

The Total Cost of Fraud

IBM's Rob Rendell on How Financial Institutions Must Adopt a New Mindset in Fighting Fraud
Rob Rendell of IBM

Rob Rendell spent more than a decade in financial services. Now he has joined IBM Trusteer to help financial institutions fight fraud. How will his experience help his customers get their arms around the total cost of fraud?

In a video interview at RSA Conference 2018, Rendell discusses:

  • How to calculate the total cost of fraud;
  • Why this calculation requires a mindset change;
  • His new role at IBM and how his past experience informs it.

Rendell is IBM's newly appointed global client success leader - financial fraud prevention and toolset development. He has extensive background in financial strategies that propel the business while mitigating credit risk and fraud exposure. This comprehensive background includes fraud investigation and prevention strategy as well as credit strategy development, execution, monitoring and control.

About the Author

Tom Field

Tom Field

Senior Vice President, Editorial, ISMG

Field is responsible for all of ISMG's 28 global media properties and its team of journalists. He also helped to develop and lead ISMG's award-winning summit series that has brought together security practitioners and industry influencers from around the world, as well as ISMG's series of exclusive executive roundtables.

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