When a Fraudster Outsmarts Your AI: Weekly Risk Reviews to the Rescue
Engineering leaders must proactively tune thresholds and rules to combat evolving fraud tactics. Here's how to implement effective weekly risk reviews.
The cost of inaction against fraud can be staggering—stay proactive with weekly risk reviews.Back to all posts
The Fraudster in Your Pipeline
In today's hiring landscape, the risk of fraud is not just a possibility; it's a reality. Consider this: your candidate verification system is breached, allowing a fraudster to slip through the cracks. The result? A compromised hiring pipeline, potential brand damage, and a loss To combat these threats effectively, establishing a weekly risk review process is crucial. This isn't just about ticking boxes; it's about creating a dynamic system that adapts to the evolving landscape of fraud attempts. The key lies in analyzing leading indicators that predict
Why This Matters
For engineering leaders, the stakes have never been higher. A single fraud attempt can cost your organization not just financially but reputationally. The hiring landscape is competitive, and every drop-off represents a potential loss of top talent. By implementing a system that Moreover, as fraud tactics evolve, your defenses must adapt. Weekly risk reviews allow your team to stay ahead of the curve, ensuring that your verification processes remain effective without compromising the candidate experience.
How to Implement It
Set a Weekly Meeting: Gather key stakeholders, including engineering leads, compliance officers, and HR representatives. This creates a unified front against fraud.
Gather Telemetry Data: Analyze data from your verification processes to identify trends. Look for 3)
Adjust Thresholds: Based on your findings, adjust your verification thresholds and step-up rules. This ensures that your system remains robust against emerging threats while maintaining a smooth candidate experience.
Key Takeaways
Establish a weekly cadence for risk reviews to adapt to emerging threats. Leverage telemetry data to inform staffing and policy decisions. Implement step-up rules to enhance verification without sacrificing user experience. Communicate findings effectively to ensure Engage your team in ongoing discussions about fraud tactics and how to combat them.
Key takeaways
- Establish a weekly cadence for risk reviews to adapt to emerging threats.
- Leverage telemetry data to inform staffing and policy decisions.
- Implement step-up rules to enhance verification without sacrificing user experience.
Implementation checklist
- Set a weekly meeting for risk reviews with key stakeholders.
- Gather telemetry data on fraud attempts and drop-offs.
- Adjust thresholds based on data insights and reviewer feedback.
Questions we hear from teams
- What data should I collect for risk reviews?
- Focus on telemetry data related to fraud attempts, drop-off rates, and verification metrics like FAR and FRR.
- How often should we adjust our thresholds?
- Thresholds should be reviewed weekly, or more frequently if data indicates a rise in fraud attempts.
- Who should be involved in the risk review process?
- Involve key stakeholders from engineering, compliance, and HR to ensure a comprehensive approach.
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