What Will Fraud Professionals Do in an AI-Driven World My teenage daughter has always been interested in my work. Over the years, she has heard stories about fraud attacks and the constant race between fraudsters who look for new ways to exploit systems and the teams trying to stop them. Recently, she asked me a […]
Justt.ai, an AI-native platform for enterprise chargeback management, announced last week that it had achieved PCI DSS Level 1 compliance, the highest certification tier under the Payment Card Industry Data Security Standard. In addition, Justt reported that it had also achieved compliance with ISO/IEC 42001, the world’s first international standard for artificial intelligence management systems […]
Chen Zamir has spent the past two decades helping fintechs fight fraud from PayPal to serving as the CTO and co-founder of the anti-fraud startup Fraugster and now as Head of Fraud Strategy at Sardine. He is also the author of the popular Saturday Fraud Strategist newsletter published by his consultancy native[risk] and co-author of […]
Most people see insurance fraud as a time-of-claim problem not an identity check issue. A collision staged by bad actors, lost contents claim padded by non-existent belongings, a suspicious birth certificate, or a truckload of cargo that got lost after leaving the warehouse. Much of that fraud actually starts before a claim is filed — […]
Episode Six, a global technology provider of enterprise-grade card issuing, and Decisionly, an AI-powered dispute automation platform, announced last week a strategic partnership to bring an issuer-side solution to market covering card infrastructure and payment dispute management. The Underserved Issuer-Side of the Market “Disputes have come up consistently in conversations with our clients for some […]
A History of Hawala and ‘Flying Money’ Many centuries ago, early human traders moved goods back and forth between China and the Middle East along a network of pathways known as the silk routes. These are often mis-named in modern times as The Silk Road, since it was not a single highway, but a widely […]
German prosecutors filed charges last week in a EUR 300 million ($345 million) payments fraud case that affected 4.3 million credit cardholders from 193 countries between 2016 and 2021. The case, dubbed “Operation Chargeback,” provides a great window into the transnational, crime-for-hire nature of organized crime networks involved in payments fraud today. An international investigation […]
The software solutions market has seen over the past year a proliferation of companies and platforms that claim to be AI-native. Jeffrey Bussgang, a senior lecturer at Harvard Business School and co-founder and general partner at Flybridge Capital Partners, defines AI-native companies as the sum of their parts, particularly employees. AI-native employees “are wildly adept […]
Incode Technologies Inc., a San Francisco-based anti-fraud platform for identity and age verification, announced at the end of June that it had acquired Identiq Protocol Ltd., a Tel Aviv-based identity verification startup. The terms of the deal were not publicly disclosed, although Incode said in its press release revealing the acquisition that it was part […]
Mastercard’s Scam Merchant Monitoring Program (SMMP) becomes enforceable on July 24, 2026 for every card-not-present merchant. Most of the coverage so far has treated it as a fraud rule. Read the mechanics closely and it is something else. SMMP is about economics while dressed up in a fraud prevention rule’s clothing, and it quietly rewrites […]
