As instant payments and AI-enabled impersonation make payment fraud faster and harder to reverse, banks and regulators are converging on common fraud vocabularies to enable intelligence sharing, and the Euro Banking Association's Fraud Taxonomy is the leading European example. EBA representatives will describe how the taxonomy classifies fraud by who, how, and what, including its new category for impersonation of persons authorized to instruct payments. Members will discuss how corporates can use the taxonomy to align incident reporting with their banks and whether corporates should seek a voice in its annual review cycle. Come prepared to share how your organization categorizes and reports fraud attempts today.
