Former Navy SEAL and JPMorgan Chase leader to spearhead next-generation fraud simulations for banks and regulated industries.

Neovera, the trusted advisor that provides full cybersecurity and cloud services to enterprises, today announced the appointment of Todd Arnts as vice president of its Fraud Red Team division. Arnts, a former U.S. Navy SEAL, most recently led internal fraud red teaming operations at JPMorgan Chase, the largest bank in the U.S. and the fifth-largest bank in the world. The strategic hire marks a significant milestone in Neovera’s mission to expand its proactive fraud testing capabilities across financial services and other highly regulated sectors.

“Todd’s unique blend of elite military training and deep financial sector experience makes him an invaluable asset,” said Patrick Shaw, Senior Vice President of Neovera’s Fraud Red Team. “His leadership at JPMorgan Chase, where red team testing is a cornerstone of fraud defense, will help us scale our capabilities across the industry.”

The appointment comes on the heels of Neovera’s June 2025 acquisition of Greenway Solutions, which specializes in fraud defense exercises for banks and regulated industries. Its Fraud Red Team conducts live, controlled exercises—using real accounts and transactions—to expose how fraud controls behave under actual attack conditions. These tests span online and mobile platforms, call centers, and other points of vulnerability, offering clear insights into where controls fail and how to strengthen them.

"I'm excited to join Neovera’s Fraud Red Team and look forward to the opportunity to bring enterprise-level fraud red team expertise to a broader market of financial institutions," Arnts said. "Adversarial fraud testing is no longer optional; it’s a critical capability for any institution serious about protecting its customers and assets. Neovera's vision aligns perfectly with where the industry needs to go."

This announcement comes at a time when fraud-related losses are surging across the United States. In 2024 alone, consumers reported losing more than $12.5 billion to fraud—a 25% year-over-year increase, according to FTC data. These rising losses highlight the urgent need for proactive, realistic defense testing. Neovera is already meeting this need, providing Fraud Red Team services to more than 20 of the world’s top 100 financial institutions, including leading institutions in the U.S., U.K., Canada, and Mexico, along with an expanding portfolio of regional banks, credit unions, and other financial organizations.

"When the largest bank in the U.S. trusts someone to lead their internal fraud red team, and that person chooses to join Neovera, it validates our position in this space," added Jerry Tylman, Senior Vice President of Fraud Red Team at Neovera. "The need for fraud red teaming is not just emerging, it's becoming a core capability at top-tier institutions, and Neovera is setting the standard.”

To learn more about Neovera and its cybersecurity and fraud offerings, visit https://neovera.com/.

About Neovera

Neovera is the trusted advisor that provides full cybersecurity and cloud services to enterprises with complex challenges and demanding regulatory requirements. Businesses globally rely on Neovera to expertly design, build, secure, and manage their mission-critical business infrastructure backed by its deep expertise in cybersecurity and cloud domains. To learn more about Neovera, visit https://neovera.com or follow us on LinkedIn.

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Adversarial fraud testing is no longer optional; it’s a critical capability for any institution serious about protecting its customers and assets.