Nasdaq CEO Adena Friedman calls for a national fraud strategy as losses mount

Friedman wants banks, tech firms, telecoms and law enforcement coordinating against AI-powered scams, without adding new regulators Fraud has become one of the biggest industries nobody wants to admit exists. Nasdaq Chair and CEO Adena Friedman wants the US to start treating it that way. Speaking at an American Banker event in New York on Tuesday, Friedman proposed a National Fraud Strategy . The plan would coordinate the fight against financial crime across banks, tech companies, telecom providers and law enforcement. The timing is pointed: criminals are using AI to run scams at a scale that individual institutions struggle to match. Friedman gave the keynote at the American Banker Most Powerful Women in Banking and Finance Conference on October 20, 2026. She landed at No.

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