Last year, TikTok’s executives quietly defanged its advertising rules, opening the floodgates to fraudsters that target American users with fake sales of products that never arrive. Sources told Forbes the change was understood internally as a way to make more money.
In medical education we have a concept called longitudinal care - interns and residents need to follow a case through to its conclusion, or at least long term, so that can learn the entire process. This is why on-call work hours used to be so horrifically long (up to 36 hours)…
The actual queries I run when I'm hunting fraud in transaction data. Velocity, impossible distances, suspicious amounts, merchant clusters, off-hours buys, and window functions.
The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.
Mastercard's Decision Intelligence Pro uses recurrent neural networks to analyze 160 billion yearly transactions in under 50 milliseconds, delivering precise fraud risk scores at 70,000 transactions per second during peak periods.
that transaction flows through Mastercard’s orchestration layer, back onto the network, and then on to the issuing bank. Typically, this occurs in less than 300 milliseconds.
they’re not looking for anomalies, per se; they’re looking for transactions that, by design, are similar to consumer behavior
New technology and old tactics have made buying a car a death march of deception. Jase Patrick, who spent 15 years in the business, reveals the dealer secrets.
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Over the course of two years, four brothers allegedly swindled Amazon out of at least $19 million using $94 toothbrushes and other expensive goods.
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Botmasters have created a Kafkaesque system where companies are paying huge sums to show their ads to bots. And everyone is fine with this.