Startup Canada Podcast: Mastercard Canada’s Rick Rennie on how fraud affects small businesses

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Whether you’re an early-stage startup or in the growing phases, fraud can hit when you least expect it. It can span across your business and can ruin your finances, reputation, and leave your startup out to dry. Fraud prevention guru Rick Rennie uses his expertise to warn startups about what can happen without the right precautions.

“When fraudsters hit, they tend to attack quickly with high velocity.”

Rick Rennie is the vice president of Customer Fraud Management at Mastercard Canada, a new national partner of Startup Canada. He provides day-to-day security risk assistance to customers and closely monitors global security trends. Rennie identifies fraud prevention opportunities, including the use of MasterCard’s industry leading risk products, while ensuring best practices are implemented for new payment technologies.

To prepare for fraud prevention, host Rivers Corbett talks to Rick about how fraud affects small business. He will speak about how entrepreneurs need to be aware of risks while making sure they do not fall victim to business fraud. Find more information on how to protect your startup on the PCI Security Standards’ official website.

The Startup Canada Podcast Show is a production of Startup Canada, a grassroots, entrepreneur-led movement to bring together, celebrate, and give a voice to Canada’s entrepreneurship community. On the podcast, award-winning entrepreneur host Rivers Corbett speaks with the movers and shakers of Canada’s entrepreneurship community to give a glimpse into the future of business, and share insights on everything from social innovation to the future of work, investing, and why we need to think bigger to take our businesses global. Join Rivers Corbett for new episodes every Tuesday airing at 10 AM ET for lessons, trends, and opportunities in entrepreneurship from Vancouver to Fredericton; and Israel to Peru.

You can find every episode of The Startup Canada Podcast Show at


Startup Canada

Startup Canada is a grassroots network of entrepreneurs working together to build an environment for entrepreneurship in Canada.

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