Why Online Fraudsters Are Like Toddlers + Recent Fraud Threat Updates

Fraudology is presented by Sardine.

After an unexpected trip to care for two toddlers this week, Karisse observed 3 ways that online fraudsters are a lot like toddlers, and how those of us who are charged with keeping Fraudsters "in check" can be ready for whatever they throw at us (the same way you need to be when parenting or caring for children under age 5!)

Karisse also provides updates on the recent coordinated & sophisticated attack targeted online retailers (and now online websites that just sell their company's gift cards). She also reiterates how this specific group continues to wreak havoc on online merchants while often exploiting the specific 3rd party provider each retailer relies on for transaction risk analysis, and how each fraud provider is tackling this in their own way, providing a lot of lessons in which approaches are most successful. And lastly, Karisse talks about a method of online fraud that is being talked about often by online merchants & other companies that process online payments (like PSPs, Payment Facilitators, etc): Card testing. While this will be the main topic for next Thursday's episode, Karisse provides high level information to alert those companies that are often most targeted by this method of fraud attack what to watch out for. 

To read the article mentioned on today's episode published by Stripe titled "How Stripe Responded to a Recent Wave of Card-Testing Attacks":

https://stripe.com/newsroom/news/card-testing-surge

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 semi weekly, on Tuesdays and Thursdays.

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