Socure

The fraud isn't coming from one country anymore. It's coming from a region. In today's update, El Salvador (6.13%), Dominican Republic (4.84%), Honduras (4.19%), and Costa Rica (2.26%) are all in the top 10. El Salvador jumped four spots. Honduras and Costa Rica are brand new to the board. And then there's Norway, in the top 10 for the first time all tournament at 1.94%. As we've said before, the fraud has been following the games, and Norway takes the field in just over an hour. If you run fraud or risk at a betting or prediction-market platform, watch the clusters, not just the #1 spot. ⚽ https://lnkd.in/g2mACJMJ

Security and privacy aren't functions you add as you grow. They're foundational to how you grow, and we've built Socure on that principle from day one. That security-first foundation is exactly why we're thrilled to welcome Mark Carter as our Chief Information Security Officer. Mark has spent 25 years building security as an engineering discipline that accelerates innovation rather than slowing it down. At Microsoft, he helped shape the Secure Development Lifecycle that changed how software gets built. At Google, he worked on infrastructure serving billions. If that wasn't enough, he's led security at Salesforce, Tesla, Vimeo, and Navan. As RiskOS evolves into the AI-native decisioning platform powering trust across onboarding, authentication, payments, and account lifecycle, that foundation matters more than ever. Mark's the right leader to build on it. Full announcement here! https://lnkd.in/gh9YVujv

Most recruiters manage requisitions. Subashree ✨owns outcomes. As a Senior Recruiter supporting RiskOS and multiple India teams, she doesn't wait for direction, she drives hiring end-to-end, deeply understanding role requirements, organizational needs, and the bar that matters. When capacity gaps emerged in US hiring, she stepped in without being asked. That's ownership: scaling without compromising quality, building trust across regions, and treating every hire like it reflects on her directly. Because to her, it does. Congratulations to Subashree on being named an 2026 Socure Principle Award winner for Act Like the Owner You Are. 🎉

Same tournament and same day, but two platforms moving in opposite directions. One of them was running an aggressive World Cup promo, and fraud is up 28% since Friday. The other had quieter promotional activity, and fraud volume dropped 44% over the same window. Fraud isn't following the tournament. It's following the promotional economics. Wherever the offers get bigger, the rings show up: multi-accounting, synthetic identities, stolen card testing, referral abuse. We're tracking it live with the international leaderboard updating daily!⚽ This week, on the frontlines of World War Fraud.

Fraud is evolving faster than product, fraud, identity, and risk leaders can adapt. This July, we're hosting a series of invite-only dinners for executives navigating exactly that. The conversations: emerging fraud trends, AI-driven attacks, and how fraud rings are systematically targeting organizations across industries. 📍 Chicago — July 7, 5:30 PM CT 📍 Austin — July 8, 5:30 PM CT 📍 Atlanta — July 9, 5:30 PM ET No pitch, just a room of leaders comparing notes on what's actually working and what's coming next in fraud, risk, and identity. Want in? DM us to learn more.

The CFTC just put willful AML and KYC failures at the top of its enforcement priorities for prediction markets. Then on June 16, Novig won its CFTC designation as a federally regulated prediction market, one of the fastest approvals of its kind in the agency's history. In a category where the rules are still being written and a 260+ page rulemaking is out for comment, that speed isn't luck, but what happens when compliance is built in from the start. Huge congratulations to the Novig team. They're now cleared to operate across all 50 states under a single national framework, in one of the most scrutinized corners of financial regulation. When Karl Gambin, MA, ACAMS joined as VP of Operations, he'd spent two decades watching what real KYC looks like, from iGaming in Malta to launching DraftKings' first New Jersey sportsbook. He saw what binary identity verification was missing: layered fraud intelligence that makes KYC mean something. What that looked like in practice: -65% drop in fraudulently created accounts within weeks of go-live, mostly synthetic identities binary providers never caught -Contract to full integration in about a month -10+ watchlists beyond OFAC/SDN, deployed in seconds, no engineering ticket -Same-day response when CFTC guidance shifts or new lists publish When the rulebook is still moving, the lag between "we need to change our compliance logic" and "it's live" is a structural risk. Novig closed that gap before regulators came asking. Congrats again to Jacob Fortinsky, Karl, and the entire Novig team! Full case study linked here 👉 https://lnkd.in/g9euhyTE

It took 76 years for the FBI to put a fraudster on a wanted poster.   The first person on the list surrendered in 6 days.   That's a real arrest but it is also a rounding error on the actual problem.   The eight people on that list represent the fraud era law enforcement was built to catch. Faces. Motives. Jurisdictions. Individuals operating in the physical world.   The era we are entering looks nothing like that.   Yesterday's fraudster stole an identity or lied about their own.   Today's fraudsters manufacture synthetic identities that are AI-generated, mathematically valid, completely fabricated, at industrial scale. Fraud-as-a-Service platforms make this available to anyone for $50 a month. AI-driven scams grew 1,210% in 2025. The barrier to becoming a fraudster is no longer skill or capital, it's a subscription.   You can't put a synthetic identity on a wanted poster. There's no face to photograph. The deterrence model that worked for 76 years doesn't apply to a mathematical construct running on a server.   But the harder truth is that the adversary has changed, not just the tools.   North Korea has an estimated 6,000+ workers operating inside U.S. companies right now under fake and synthetic identities, generating hundreds of millions to fund weapons programs. Organized crime rings operating from authoritarian safe havens in Southeast Asia are running AI-scaled fraud operations against American consumers. INTERPOL put global financial fraud losses at $442 billion in 2025.   The FBI can list a fraudster from Minneapolis. They cannot list a nation-state.   The wanted poster assumes a scarce, identifiable, deterrable individual.   The new threat is industrial infrastructure with no face, no address, and no jurisdiction willing to cooperate. It doesn't respond to deterrence. It responds to detection, at the moment of creation, at machine speed, before a single transaction clears.   The wanted poster is a tribute to the fraud era we're leaving. My full thoughts on the era we're entering in the comments.

When the opportunity is a $3MM deal, there's no room for "good enough." Adrien Saremi, Ph.D., Senior Data Scientist, didn't just show up for a major POC, he developed new techniques from scratch to improve outcomes on one of Socure's highest-stakes engagements. From batch processing 30M+ records to uncovering fraud patterns and drop-off drivers, his work doesn't just meet the bar. It moves it. That's what Compete to Win looks like in practice: urgency without shortcuts, rigor without slowdown, and impact that customers actually feel. Please join us in congratulating Adrien as a Socure 2026 Principle Award winner. 🎉

That’s a wrap on #SHRM26! For 2.5 days, we ran a social experiment on the show floor. We brought a Whack-a-Fake Candidate machine and a deepfake emulator. People would walk up to the Whack-a-Fake machine and immediately turn into a 9-year-old. Then they’d step over to the deepfake emulator and watch themselves become someone else in real time. First reaction: delight. Surreal, impressive, and show everyone. Then it set in. What’s stopping a bad actor from doing it in a job interview? Hiring fraud is happening in pipelines right now. We just made it impossible to ignore for a few thousand HR professionals in Orlando. Thanks to everyone who stopped by in the orange bucket hats!

This week, the World Cup gave us an upset that had nothing to do with the scoreline ⚽ For the first time all tournament, Canada lost the #1 spot on our World Cup Fraud leaderboard. Mexico took it with a 10.69% fraud rate through June 16. But it's the pattern that's the real finding. Across the opening week, fraud attempts from a country tend to spike on the day that country plays, then recede as the next set of nations rotates in. For anyone running fraud or risk at a betting or prediction-market platform, that reframes what a major event actually is. Fraud rings don't see a tournament. They see an acquisition campaign. Large audiences, fast account openings, signup bonuses, and free bets, all at once. Read more in this week's edition of World War Fraud!