People·October 23, 2026 at 9:04 AM EDT·1 source
Nasdaq CEO calls for a national strategy as global fraud losses reach $579B
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News
What happened
- Nasdaq CEO Adena Friedman called for a national strategy to combat fraud.
- Friedman said financial institutions, technology companies and law enforcement need to cooperate.
- AI is helping criminals scale scams, according to Fortune.
Global fraud losses
$579B
Why it matters
Fraud is becoming a cross-sector risk as AI enables scams to scale, requiring coordination among financial institutions, technology companies and law enforcement.
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Timeline
- EarlierOct 15US Pump-and-Dump Crackdown Aimed Abroad Meets Homegrown Protests
- EarlierOct 18Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
- EarlierOct 21NYSE Is Getting Trounced in the Battle for Wall Street’s Biggest IPOs
- EarlierOct 22Nasdaq, Inc.: Results of operations
- First reported by FortuneOct 23Nasdaq CEO calls for a national strategy as global fraud losses reach $579B
Who is involved
Nasdaq CEO calls for a national strategy as global fraud loss…NasdaqNDAQAdena Friedman
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Sources (1)
Related
- Oct 23 · Lunch break under threat as Hong Kong looks at longer trading day
- Oct 18 · Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
- Oct 22 · Nasdaq, Inc.: Results of operations
- Oct 21 · NYSE Is Getting Trounced in the Battle for Wall Street’s Biggest IPOs
- Oct 15 · US Pump-and-Dump Crackdown Aimed Abroad Meets Homegrown Protests
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