Kount Blog
Blog Against Fraud

Kount Summit ’17 Recap

Posted on Friday, May 26, 2017

It was another record-breaking year for Kount Summit!

Every year for the past 5 years, Kount has teamed up with CNP Expo to present the premier combination event for fraud prevention professionals. This year, nearly 200 Kount merchants, speakers, panelists, partners, and team members gathered together at the Rosen Shingle Creek Resort in Orlando, Florida under the banner: “Where The Fearless Unite.”

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Topics: CNP Expo, Kount Summit

An Already Complex Payments Space Gets More Curious

Posted on Friday, May 26, 2017

Payments revenue is projected to hit $2.3 trillion worldwide within 2 years. And as revenue grows, so does complexity. What should you look for (and look out for)?

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Topics: fraud prevention, payments, payment apps

CFO Challenge: Balancing the 3 Areas Impacted By Fighting Fraud

Posted on Thursday, May 25, 2017

In the early 2000’s, an eCommerce strategist for a large supermarket chain was making an appeal to the CFO. He was seeking a substantial investment to build out an early version of an online grocery shopping system. The CFO asked for a breakdown on the expected ROI.

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Topics: fraud prevention, direct loss, cfo

A Closer Look: Dark Web Dealings

Posted on Friday, May 19, 2017

Data breaches are nothing new – but that doesn’t mean they’re any less damaging. In fact, they’ve only gotten worse. Since companies loathe to report them, taking a few months or even a few years to issue a statement on any cyber attack, it’s been difficult for consumers and businesses alike to protect themselves or even realize the full impact of their repercussions. They’ve also inspired fraudsters to push the boundaries further. We’re starting to discover the evolution of data breaches and how hackers have taken these authentic credentials to wreak even more havoc and fraud. Cyber criminals don’t just have one or two pieces of authentic information – they have entire profiles and are quickly profiting off them. 

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Topics: fraud prevention, data breaches, dark web

Webinar Recap: How to Become a Manual Review Rock Star

Posted on Thursday, May 18, 2017

If you missed the webinar “How to Become a Manual Review Rock Star,” this blog post provides a convenient summary recap. The webinar explored different tactics, techniques and strategies to streamline the manual review process while minimizing chargebacks and false positives.

Digital vs. Shippable Goods

Digital goods, such as e-tickets, software, music downloads, etc., share common characteristics that impact the manual review process:

  1. Consumer demand for instant gratification
  2. A highly commoditized market
  3. High volume, low cost goods, high margins (less overhead)
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Topics: manual review, false declines, approve lists

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