Fraudology Podcast with Karisse Hendrick

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of Fraudology, Karisse has the pleasure of hosting Eric Boles; a former special agent of the US Secret Service and former leader of e-crime investigations at StubHub, Yahoo, and AOL. Eric shares his insights on the rise of cybercrimes and the urgent need for consequences and accountability to curb online financial fraud. From navigating the unfair chargeback rule system to building successful relationships with law enforcement, Eric provides valuable strategies for companies to proactively investigate and prosecute fraud. -Ensuring the protection of their data, reputation, and shareholders' money. Eric and Karisse touch on several related topics, including why more online companies should be investing in an investigations department, and all of the benefits that will provide. Additional benefits of having a dedicated person/team to investigate fraud across dozens to hundreds of related accounts, should be the Norm, (according to Karisse) as they can become great at picking up patterns that an ML model may not catch, building relationships with various law enforcement agencies, and working with federal agents & the US District Attorney.Throughout this conversation, Eric will share a few stories of post-transaction investigations he has investigated and/or overseen; including the international fraud ring that resulted in his employer recovering financial restitution (above 7-figures USD!) from the seizure & sale of items that the fraudsters' once owned. Join us as we delve into Eric's impressive career and uncover his methods for catching perpetrators and advocating for post-transaction investigations.Eric Boles is now available for consulting or FTE remote opportunities in all areas of e-crimes investigations such as: phishing campaigns, "pig butchering" scams, malware/ransomware, online payment fraud, non-payments fraud (ATOs, Promotional abuse, etc.)To connect with Eric (Especially if you're looking to hire someone with his "unique set of skills"), connect with him on LinkedIn:https://www.linkedin.com/in/eric-b-21605942/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAjn8vIB3SCNCfDmnh4n5PZCy2lx5dN-7JYFraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this solo episode of Fraudology, host Karisse Hendrick explores the pitfalls of relying solely on RFIs (Request for Information) and/or RFPs (Request for Proposals), and how they often lead to unintentional consequences that too many fraud technology buyers (merchants, fintech, Financial Institutions, etc.). While this has been a longtime, standard practice used to compare & select 3rd party technology partners, Karisse has seen too many that end up incentivizing bad behavior from potential vendors. What kind of bad behavior could be initiated with the submission of an RFI or RFP to a potential solution provider? -Tailored responses to fit buyers' preferences, and not necessarily the features of their own products, high pricing, being sold additional services that aren't necessary, contract loopholes, and ultimately selecting the solution provider that tells you what they know that you want to hear, and not what is necessarily accurate.In this episode, Karisse provides an in-depth overview of common mistakes that are made in RFIs/RFPs sent to fraud providers, how those can be manipulated to tell you what you want to hear, and often lead to frustration a few months after implementation when you realize the product/service wasn't as good as they made it sound. And starting off a relationship with a new client on the wrong foot isn't good for the vendor and their long-term business goals, either.Karisse also shares why she doesn't rely on traditional RFI/RFP processes when working with clients to select new solution providers for their fraud & payments needs. Instead, she emphasizes the importance of listening to user feedback, highlighting themes of customer satisfaction and dissatisfaction, and hopefully relying on the ultimate gold standard for vendor selection: A live POC (Proof Of Concept). Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai Over the last several months, dozens of merchants have reported anomalist fraudster behavior that they haven't been able to detect or understand the root cause. Fraud detection systems not being as accurate as in years past (higher declines, false positives, and chargebacks)Chargebacks for orders that were only 1 or 2 points below their fraud tool's decline threshold (How do they know my fraud vendors' scoring system?!)Bot attacks that bot mitigation/detection companies are unable to detectAnd then, Karisse spoke with her friend, and the CEO of Spec, Nate Kharrl. Because of the enhanced visibility that Spec has into every customer journey for each of their e-commerce & B2C Fintech clients, he & his team at Spec have had the ability to watch, in real time, as fraud rings exploit different gaps within the API connections between online merchants & their 3rd party vendors. And the results? -Exactly what merchants have shared with Karisse in the last year.So, Karisse asked Nate to join her on Fraudology ASAP to share the different types of exploits targeting the system connections between online companies & several fraud solution providers that they've observed.While knowing the "what" is 1/2 the battle when trying to understand new fraud tactics, Nate helped fill in the blanks for everything else you & your company need to know, to identify 1. If these attack methods are targeting your company/vendor communication and 2. What can be done to close the gaps (and because Nate isn't a "typical vendor", he provided suggestions that can be done without using Spec as a platform; although, in most cases, using Spec would be easier. -And faster!). Some of the other points covered:The different ways fraudsters are exploiting 3rd party fraud tools, which types of 3rd party tools are most vulnerable, and how they are able to exploit specific gaps within the communication flow between a merchant & their provider (often without you seeing them until the losses already occurred)The symptoms your company may be experiencing due to each of these tacticsThe standard "party line" you're probably told when asking your provider the reason for a sudden change in performance (But also, why they may not know any better)Why fraud vendors aren't necessarily at fault for these gaps and what can be done to close the gaps to prevent these particular exploits (w/ or w/o Spec's TrustCloud)In online fraud prevention, especially, knowledge is power. Because, when we know more, we can do more. And this episode should be a MUST LISTEN to everyone in online fraud prevention because our tools are under attack, and need to be better protected!Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this solo episode of Fraudology, host Karisse Hendrick explores the topic of vendor relationships in the context of online fraud fighting. Through conversations with fraud fighters, Karisse has observed recurring frustrations among merchants, fintechs, and banks when it comes to their vendor partnerships. She shares insights on vendor selection, the challenges of finding reliable solutions, and the importance of customer feedback in evaluating providers. Karisse also discusses a LinkedIn post by Andrew Austin of CarMax, offering tips and action items for both vendors and merchants. Tune in for valuable advice on maintaining successful vendor relationships in the ever-changing landscape of online fraud.Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of Fraudology, host Karisse Hendrick is joined by Jordyn, her 19-year-old daughter, to discuss the challenges of parenting in the digital age. As a fraud fighter and a parent, Karisse knew the importance of teaching internet safety to her child, from when she got her first smart phone, got her 1st social media account, and continued to grow up as technology continued to advance. In this episode, Karisse laments over her parenting style when it came to technology, and Jordyn shares her honest opinion about what she thought about it then, and what she thinks about it now. Was mom too paranoid? Or was mom just trying to give her knowledge to keep herself safe online (or as much as possible, anyway). Rounding out the conversation, Jordyn answers a few questions from Fraudology listeners (and their kids) about her mom, her mom's podcast and if she wants to be a fraud-fighter as an adult.Topics include insights on social media precautions to smartphone usage, and they delve into various topics to offer practical advice for navigating the online world while ensuring the safety of our loved ones. Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai Karisse is again joined by her friend, and the Sr. Manager of Risk for Wish .com, Vineet Grewal. 3 weeks ago, Vineet talked about why she has made "approval rates" her North Star. This week, she's sharing some of her tips for creating a business case to engage & influence senior leadership for the resources needed to implement better solutions for more data and accuracy.While talking about the methods & steps she's used to effectively present to senior leadership, Vineet also uses an example of a specific fraud attack that she swears she will never forget. Taking us on a journey from the moment she first discovered refund claims fraud (aka: refund fraud) on the system, to being granted approval of the proposed changes she brilliantly presented to her executive team, and then to share the result of the implementation of . They wrap up the conversation with Vineet reminiscing about Saturday morning cartoons, and how one of them in particular makes the perfect metaphor for the life of a fraud-fighter!To connect directly with Vineet (No solicitations please!): https://www.linkedin.com/in/vineet-grewal-7395002b/Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai Can fraud experience in the banking industry easily transition you on to the e-commerce side of fraud? What about Vice Versa?In this episode of Fraudology, Karisse is on the road for another client trip. After presenting a training to the employees of a FraudTech vendor that supports banks, Financial Institutions, and Fintechs, she shares one of the concepts she talked about in the training course. -How, even though most of the terminology is the same in both areas of fraud prevention/revenue integrity, for the most part, that's where the similarities end. She talks about how the differences in consumer behavior, the nature of the consumer/entity relationship, regulations (like KYC), the differences in data collected, and the very nature of the items being protected/stolen require very different ways of thinking about detection. And, for the most part, they require different types of tools to identify fraudulent behavior. These comparisons created a great conversation when Karisse was presenting it to this group in person, so she hopes you appreciate the comparisons, and the opportunity to think more about the different skills, technology, and knowledge needed for each sector online (and multi-channel).Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of Fraudology, host Karisse Hendrick invites return guest & listener favorite, Gil Rosenthal, a fraud prevention strategy expert & a Fintech Advisor, to discuss the importance of storytelling and strategic thinking in protecting companies and users from fraudulent activities.They delve into the methodology of storytelling in fraud prevention (used by fraud departments in top companies, such as PayPal), and emphasize the need for a proactive approach to anticipate fraudsters' tactics. From analyzing unique patterns and dollar values to identifying band-aid & long-term prevention solutions to understanding the impact of different strategies and actions, they explore key strategies for staying ahead in the ever-evolving world of fraud.Tune in to gain valuable insights and learn about the fascinating world of fraud prevention.Links:As mentioned in the intro, the 2023 Fraudology Benchmarking Survey (Sponsored by Forter) can be viewed here; with no e-mail or contact information required!:https://resources.forter.com/fraud-fighter/2023-benchmark-reportTo connect with Gil on LinkedIn or to inquire about receiving the full training course as overviewed in today's episode:https://www.linkedin.com/in/gil-rosenthal/Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of Fraudology, Karisse highlights 3 fraud stories that you will want to be aware of. -Either for awareness, or possibly for a bit of "fraud nerd" comic relief. First starting out with why the promised episode of an interview with a "special guest", Karisse's daughter has been replaced with an episode of Fraud News for this week. But, this episode WILL be coming soon to Fraudology, where Karisse's teenager will share her own experiences as a "fraud-fighter's daughter, the best advice her mom has given about internet safety, and she'll answer questions submitted by Fraudology listeners (and some of their kids!).This week, the news was a mix of terrifying or puzzling revelations about professional cybercrime rings, and a new Visa card that will most likely be attractive to them. But, for the 1st story, which was first shared in the weekly newsletter published by Frank McKenna, of FrankonFraud.com, was enough for Karisse to bring back a popular segment from the past. "What The Fraud?!"From how Chinese Scammers are hiring creative thinkers to design new scam MOs, to the newest Visa Card marketing itself as a "No KYC Visa card" (Is this Legal? Will it Last?), and a Celebrity Plastic Surgeon in Beverly Hills is hit with a two-fer: The "old" data breach + financial fraud trick. -You'll hear highlights of each article, along with thoughts, questions, and additional commentary from a fraud expert; She'll also share why these are stories for online fraud-fighters to be aware of.Original Articles:Domain Experts Hired to Help Chinese Scammers Create New Fraud Scamshttps://www.databreaches.net/more-plastic-surgery-patients-have-their-nude-photos-and-information-leaked/Beverly Hills Plastic Surgeon - Data Breach Victim Website -Looks like they've since removed the impersonation alert from their site mentioned in this episode & replaced it with a "Data Incident notice", minimized on the Right side of his websitehttps://fintechbusinessweekly.substack.com/p/stripe-celtic-bank-power-no-kyc-stablecoinJoin us as we explore this fascinating yet frightening aspect of the internet.Don't forget to like, share, and subscribe for more insights into the world of fraud prevention.#Fraudology #CyberSecurity #DarkWeb #FraudPrevention #KarisseHendrickFraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.

Fraudology is presented by Sardine. Request a 1:1 product demo at sardine.ai In this episode of Fraudology, Karisse answers some of your questions about parenting a child in the "digital age". -Especially as someone who is sometimes too aware of the dark sides of the internet.For those of us who are parents and fraud-fighters (or in Trust & Safety), there's no doubt that these are the two most important "jobs" we've had and they're at the core of our identity. And, it can be a difficult balance, especially in the 2020's when we especially know all too well that the internet can be powerful in both positive & negative ways, and it becomes a big part of our child/children's lives. How can we keep our kids safe, while also allowing them the freedom to explore the world via the internet?Thanks to some great questions from listeners of Fraudology, Karisse discusses the importance of educating teenagers about the potential risks they face online every day. From phishing scams to identity theft, she provides practical advice on how parents can equip their children with the knowledge and tools to stay safe online. She will never claim to know everything or to have done everything right. But, her smart, kind & resilient daughter is proof that she didn't mess up TOO much! If you're a parent, this episode is a gold mine! Don't forget to like, share, and subscribe for more insightful content. #Fraudology #KarisseHendrick #FraudPrevention #ParentingTips #DigitalSafetyAnd, on Thursday's episode, Karisse's daughter will join her to answer several questions they both received from fraud-fighting parents (and some of their kids!) asking advice as their kids get older and want to interact with the world via the internet.Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast weekly, on Tuesdays.