Cryptocurrencies are a game-changer.
Having exposure to risk management in numerous business sectors, verticals and jurisdictions over the past 20 years has been a journey of learning to play both good cop and bad cop with my professional thinking caps.
The proverbial wisdom that fraud and risk are like water in that they follow the path of least resistance is accurate. Governments, regulatory bodies, merchants, and financial institutions are essentially caught in a cat-and-mouse game with fraudsters – putting controls in place while understanding that in the dark there is an army of well-versed experts looking to exploit the next lucrative vulnerability.
My greatest mentor once told me: “Everyone can have no fraud, but they won’t be a successful business”.
This has stuck…
