In today’s digital underground, cybercrime has evolved into a service economy where fraud is scalable, on-demand, and disturbingly accessible. This session explores the Fraud-as-a-Service (FaaS) ecosystem, a complex web of illicit marketplaces, plug-and-play tools, and rented infrastructure that enables even low-skilled actors to commit cybercrime. We’ll break down how threat actors leverage laptop farms, AI-generated IDs, deepfakes, and botnets to bypass security systems, manipulate trust, and cash out. Whether you're in cybersecurity, compliance, or tech policy, this talk will give you a clear-eyed look at how industrialized fraud works, and what must be done to disrupt it.