Decentralized Fraud Programs with Aaron Frye

In this episode of Behind Enemy Lines: Conversations with Fraud Fighters, host Mike LaFleur sits down with Aaron Frye, Founder and CEO at Lucid Point Consulting. They explore why so many financial institutions end up with decentralized fraud teams—and the real risks that come with silos, gaps in communication, and inconsistent approaches across departments.

Aaron shares how decentralization can open cracks that fraudsters exploit. He points out the hidden costs of duplicated vendors, the confusion it creates for both staff and customers, and how inconsistent authentication methods can lead to easy wins for criminals. Drawing from years in the field, Aaron explains how a lack of unified leadership and strategy means teams miss threats, spend more, and struggle to help customers when it matters most.

The conversation offers practical advice for building stronger fraud defenses. Aaron encourages leaders to map out roles, improve collaboration, and create clear lines of responsibility—no matter the size of their organization.