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Jordan Shamir is the CEO and co-founder of Yofi, a refund abuse prevention solution recently acquired by the anti-fraud vendor No Fraud. Before establishing Yofi, Shamir acquired nearly half a decade in Product Management experience working for IBM. In this Fraudbeat interview, we ask Jordan what motivated him to found Yofi and accept the acquisition […]
I unintentionally found an interesting fraud tactic being used on Capital One cardholders about six months ago. If you misdial their international calling center (i.e. dial 1-800-934-2001 instead of 1-804-934-2001) you get a fraudster call center that will ask for all your account details, including some PII. It’s the telephonic equivalent of cybersquatting – where […]
It was expected that professional fraudsters would jump on GenAI and experiment with the ways it can help them commit more fraud, more successfully, and more quickly. What is more surprising is how fast regular shoppers have started using the technology to commit refund fraud. Researching and interviewing for the book The Fraud Fighter’s AI […]
An anti-money laundering (AML) investigator is a person who decides if financial activity is suspicious or not. Typically, AML investigators work in a top-level department at financial institutions like banks, fintech companies, money remitters, and casinos. These individuals must review customer records, open-source information, and transaction activity to make a well-supported analytical decision. When activity […]
Gilit Saporta is an experienced fraud-fighter and product leader with over two decades in the field, currently acting as VP Product for the Fraud Lab at DoubleVerify. She is the co-author of “Practical Fraud Prevention” and the upcoming “The Fraud Fighter’s AI Playbook: Strategies for the GenAI Era,” and the co-chair of the annual FraudCon […]
The biggest mistake a fraud leader can make today is assuming that rising chargebacks are a fraud problem.
There was the world before ChatGPT burst into our lives, and there is the world since.
Elder scams targeting people over the age of 60 in the U.S. led to losses of $3.1 billion in 2022 alone, according to study by the company Incogni. Some 103,000 crimes were reported across 30 different categories. Approximately 60% of these crimes were facilitated or exacerbated by criminals having access to victims’ personal data. Incogni’s […]
Equifax announced at the end of last month that it would acquire chargeback management tool Midigator for an undisclosed sum. Market rumors place the size of the deal in the vicinity of $250 million. If true, that would mean a tidy profit made by Midigator’s investors, who placed an estimated $60 million into the company […]
