Collaboration in fraud fighting is essential, and on this episode, Brett & Karisse explain why it's important and various ways to collaborate within the industry. But first, they start off with a "What The Fraud" segment that involves El Chapo, Pre-paid debit cards and Brett being offered a job by the Sinaloa Drug Cartel!
One of the main factors that contributed to Brett's success as a fraudster, was collaboration with his peers. Mostly on online forums, but also in person, online fraudsters share everything with each other. From which companies are the easiest to target, to the specific methods of various fraud strategies to online tutorials that include a glossary and tests. But, for the "good guys", it's much harder to collaborate with each other. It's equally just as important to share best practices, new fraud tactics that you're experiencing and which tools work best for which issues as it is for the "bad guys" to share with each other. But, privacy policies, competitive advantages and PR restrictions, it can be a challenge. Though difficult, it's not impossible and creating opportunities for merchant collaboration has been a passion project in Karisse's career, and it's become a topic important to Brett as well, and they share some of the ways they suggest to learn from others in the industry.
Brett & Karisse will be recording an episode of Online FraudCast live at CNP Expo 2019, May 22-23 in San Francisco. Join them! Use promo code " FCast "to save 10% off Early Bird registration until April 5. www.CNPExpo.com
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