The Spec Blog
Your source for fraud-fighting news and insights
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AI-powered cyber attacks on the rise: How to strengthen your defenses
The world of cybersecurity is evolving at an unprecedented pace, and the emergence of artificial intelligence (AI) as a formidable player in the field has been a game-changer. AI is not just a buzzword; it’s a potent tool that’s being harnessed by cybercriminals to launch increasingly sophisticated attacks. As we look ahead to 2024 and beyond, it’s evident that the surge in AI-powered attacks is a trend that shows no signs of slowing down. According to Forbes, AI and cybercrime are unleashing a new era of disruption.
Fraudology podcast: Fraudsters exploiting 3rd party fraud tools with Nate Kharrl
In this episode of Fraudology, host Karisse Hendrick is joined by Nate Kharrl, CEO and co-founder of Spec who shares the different types of exploits targeting the system connections between online businesses and several fraud solutions providers that he has observed.
Why SignalFire invested $15 million in Spec, and why online fraud is getting so much worse
As any entrepreneur who’s had the audacity to think they can change the world knows, you’re never successful without a parade of cheerleaders – and capital – behind you all the way. For us, our VC partners at SignalFire have led that cheering squad since the beginning of our journey. And now SignalFire has led our Series A raise of $15 million.
A new chapter in securing fraud defenses: Announcing Spec’s $15 million Series A funding
We’ve reached a pivotal moment at Spec that I’m thrilled to share with you: the successful close of our Series A funding round. This isn’t just a milestone for us; it’s a collective achievement that reflects the trust and support of our incredible community—our customers, investors, partners, and every member of Team Spec.
Fraudology podcast: enabling fraud-fighters to design marketable products to address big problems (like refund fraud) with Patrick Chen
In this episode of Fraudology, host Karisse Hendrick is joined by Patrick Chen, a product expert who has specialized in solving complex risk-related problems creatively with technology for some of the largest online companies & platforms in the world. All of those experiences led him to become the co-founder of Spec, a risk & compliance platform that allows its users to approach fraud, and ultimately their (legitimate) customers’ experience in new ways.
How to prevent your fraud defenses from leaking data to adversarial AI models
Each day, the Spec platform stops millions of attacks that could otherwise bypass fraud defenses by leveraging signals harvested for the use of adversarial AI models. Our platform deploys solutions to blind and mislead the AI in order to protect merchants, marketplaces, and their users from being defrauded. We put together a quick primer about the ways we’re seeing cybercriminals use artificial intelligence to bypass traditional fraud defense technology.
Fraudology: a field guide to working with other teams within your organization with Nate Kharrl
Often, leaders of fraud departments will say something to the effect of “My biggest adversaries aren’t the bad actors trying to commit fraud against our organization; they’re within my company and work within other departments that will often sabotage us or not understand our roles, which can lead to more problems than account or payment fraud does.”
Fraud Boxer podcast: low-code and no-code featuring Patrick Chen
In this episode, Patrick Chen, COO and co-founder of Spec, breaks down what low-code and no-code actually mean and how they work. Jordan Harris does his best to get an ELI5 (explain like I am 5) description of why this is something that very well could change our entire industry and how we approach the using and changing of our fraud prevention tools. Listen to the episode to learn more!