Kount Blog | machine learning
Blog Against Fraud

Horses Not Zebras: The Implications of Prior Probability

Posted on Friday, March 10, 2017

By: Josh Johnston, Data Scientist at Kount

You just tested positive for a rare disease. The test is 99% accurate, so you are almost certainly sick, right? Actually, you are almost certainly healthy. Read on to journey through some numbers to see why, and in the process learn how fraud is costing you money, even if your chargeback rate is under control. 

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Topics: chargeback, machine learning, prior probability

5 Strategies to Fight Chargebacks

Posted on Tuesday, March 7, 2017

According to comScore, U.S. online sales – both desktop and mobile eCommerce – grew by double digits in 2016. Unfortunately, card-not-present fraud grew just as fast. In fact, 2016 saw the highest overall amount of eCommerce fraud ever. And 2017 is expected to see even higher eCommerce fraud as EMV and other forces shift fraud to the online realm.

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Topics: chargebacks, machine learning

Fraud and Plaque Prevention: Both Powered by AI

Posted on Thursday, February 2, 2017

Now that January is behind us, it’s time to look back at all of the forward looking predictions that promise futuristic tech innovations. (No disrespect, we are even guilty of this.)

There is no question that Artificial Intelligence (AI) is the darling of 2017 technology predictions hype—think: how people reacted to the entry of “Big Data” a few years ago. From an “AI toothbrush” unveiled at CES to poker to automated dermatology, AI is getting a lot of attention. Don’t believe us? A simple Google search will churn out 2,080,000,000 results in under one second. Receiving much less attention, however, are the very real technologies implementing AI in a constructive way.

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Topics: fraud prevention, artificial intelligence, machine learning

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Calculating the 9 Deadly Costs of Fraud
What You Don’t Know About Chargebacks