Underestimated Risk: Agentic Commerce

What is up fraud fighters, and welcome to Fraud Forward!

AI is accelerating fraud, 100 percent. But the bigger risk, the thing that should keep every fraud leader up at night, is what happens when fraud teams stop thinking strategically because the queue never ends.

In Part 2 of Fraud Forward, I’m back with Ted Josephson, VP of Bank Fraud & Credit Strategy at Synchrony Financial, and we are getting into fraud leadership at the enterprise level, where strategy, AI, automation, and culture collide.

Because let me just assure you, fraud prevention at scale requires more than tools. It requires fraud leadership strategies, fraud team leadership that protects time for long-term planning, and strategic fraud solutions that can separate normal fraud noise from the signals of a true fraud shift.

Then we get direct about AI. Where it’s delivering real value today, where the industry is still overhyping “AI” that is not actually learning, and why certain decisions, especially first-party fraud, should never be fully automated without human accountability and empathy.

And fraud fighters, we close with what Ted thinks is being underestimated right now, and it’s big. Agentic commerce creating a new accountability and disputes nightmare, plus the rise of casual “friendly fraud” as a cultural norm. Because fraud prevention evolution is not just a technology program, it is bank fraud leadership and credit risk leadership in action. This is fraud prevention innovation, and it demands strategic fraud decisions.

What you’ll hear in this episode:

1. How enterprise fraud teams protect time for long-term strategy when fraud never stops
2. Why planning cannot be an extra, it has to be scheduled like any other critical operating function
3. How to tell the difference between normal fraud noise and the signals of a systemic weakness
4. What separates a short-term spike from a true fraud shift
5. Where AI is delivering real value today, including consistent case narratives and operational efficiency
6. Where the industry is still overhyping “AI” that is not actually learning
7. Why certain decisions, especially first-party fraud, should never be fully automated without human accountability and empathy
8. Why agentic commerce could create a new accountability and disputes nightmare
9. How casual “friendly fraud” is becoming normalized, and why that cultural shift matters
10. How banking fraud strategy and credit strategy leadership collide in enterprise fraud teams

You should listen to this episode if you:

1. Lead fraud solutions leadership efforts and you feel like the urgent is crowding out the important
2. Run fraud prevention at scale and need a better framework to separate noise from true fraud shifts
3. Are building fraud leadership development for your team and want practical, real-world strategy
4. Manage enterprise fraud teams and need strategic fraud insights you can apply immediately
5. Own bank fraud leadership responsibilities and want to pressure test your strategic fraud solutions
6. Are navigating credit risk leadership decisions alongside fraud risk and disputes
7. Are worried about agentic commerce, dispute accountability, and what comes next
8. Are watching “friendly fraud” become a cultural norm and need fraud leadership strategies to respond

If you liked this episode, be sure to subscribe and review the podcast on iTunes, Spotify, YouTube, or wherever you listen to podcasts. It really helps with getting the word out.