--- title: Prioritising fraud as a fast-growing startup date: 2017-08-19T19:53:00+01:00 author: Alara Basul canonical_url: "https://www.ravelin.com/podcast/prioritising-fraud-as-a-fast-growing-startup" section: Podcast --- Podcast / Fraud analytics Episode 3 19 August 2017 # Prioritising fraud as a fast-growing startup Encountering fraud for the first time as a startup can be sudden and overwhelming. In this episode, we learn what growing startups should and can do to counter fraud attacks. ![Prioritising fraud as a fast-growing startup](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_548xAUTO_fit_center-center_none_ns/1647/01.webp)Growing a business is hard work and founders often have a million things on their plates. From growing their customer base to actually building the technology, it's hard to tackle fraud on top of it all; especially when you're encountering it for the first time. Gerry and Terry discuss how and why keeping an eye on it from the get-go is the best way to make sure it doesn't become a problem quickly. Terry is a founder of [Hailo](http://hailo.com) (he has now left and works in Insuretech at [IOMA](http://www.iomagroup.co.im/)). While at Hailo he was at the sharp end when the company gained serious traction around 2012 and when with that traction came some serious issues with regards to fraud. In the episode, they discuss how the company grew so fast and what the initial indicators were that there was a problem. Not untypically the supplier network was the first to notice and swiftly the chargebacks followed as the bogus fares started to show up on people's bank accounts. Terry has some great insight into how to stop the bleeding through manual intervention and quickly building ways to decline or stop bogus transactions. Terry also shares the importance of understanding first-hand how and why fraud is impacting your business. But he is equally adamant that the real solution is to invest both in the people and in the systems to stem the fraud tide properly and the folly of 'pricing in' fraud in the medium to long term. You can find the episode on both [iTunes](https://itunes.apple.com/gb/podcast/ravelin-fraud-academy-podcast/id1156451570?mt=2) and [Soundcloud.](https://soundcloud.com/ravelin/sets/ravelin-fraud-academy) [**Learn more about online payment fraud here.**](https://www.ravelin.com/insights/online-payment-fraud) ![Afk Bu I 400X400](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_122x122_crop_center-center_none_ns/851/afk_Bu-i_400x400.webp)Alara BasulRavelin alumna More from Alara Basul - [Infographic: The growing cost of fraud in 2018](https://www.ravelin.com/blog/infographic-fraud-in-2018) - [Meet Tim Whelan, Ravelin’s VP of Engineering](https://www.ravelin.com/blog/meet-tim-whelan-ravelins-vp-of-engineering) - [National Cybersecurity month: Raising awareness of fraud in payments](https://www.ravelin.com/blog/cyber-security-month-fraud-awareness) ## Related content [Blog / Refund abuse ### Refund abuse is too easy to do – and get away with – to leave unchecked Exclusive Ravelin data reveals the sheer extent of ecommerce refund abuse, including how harmful repeat refund abusers are and the measures to stop them. ![1669287463716 2023 12 07 164059 ybjd](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/196785/1669287463716_2023-12-07-164059_ybjd.webp)Nikoleta Dimitriou,Senior Content Manager](https://www.ravelin.com/blog/ecommerce-refund-abuse-is-easy) [Blog / Press release ### Kinguin renews Ravelin partnership after cutting ecommerce fraud to “industry-leading low” The leading gaming marketplace extends AI fraud prevention deal for further three years, with Ravelin automating real-time fraud defenses and supporting growth to over 20 million customers. ![Ravelin Symbol Blue 1](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/187712/Ravelin-Symbol-Blue-1.webp)Ravelin Technology](https://www.ravelin.com/blog/kinguin-ravelin-partnership-renewal) [Blog / Payments & payment fraud ### Card payment liability shift – everything you need to know to reduce chargeback burden The knowledge you need to make the most of liability shifts and reap the benefits for your company – including saving money on chargebacks. ![Freddie burgess](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/281707/freddie-burgess.webp)Freddie Burgess,Senior Product Support Analyst](https://www.ravelin.com/blog/card-payment-liability-shift-for-chargebacks)