Chargeback Fraud | Explained

Chargeback fraud ♻️💶 or as we like to call it, “friendly fraud” is a bit like “friendly fire” in videogames. However, in this case, it’s like shooting yourself by mistake as opposed to your allies. With this type of fraud, there are always traces that lead to the real fraudster’s identity. It’s like a coin on a string (for those who are old enough); it might be fun, but if someone catches you, all the evidence is against you. So, let’s dive in… Chapters 00:00 - Intro 00:55 - Fair Credit Billing Act 02:45 - Friendly Fraud 10:07 - Family Fraud 11:45 - Conclusion Useful videos: Never Share Your Phone With A Stranger Hacking Through the Air | Contactless Payments and NFC How to Prevent Social Engineering Attacks #Sumsub #digitalprivacy #KYC Sumsub — empowering compliance and anti-fraud teams to fight money laundering, terrorist financing