In this episode of 'Brazil (is not) for Beginners,' Isaac welcomes Rafa Lichtenecker, VP of Operations at ID Wall, to discuss the complexities and challenges of fraud in Brazil. With 14 years of experience in the fraud and payment industry, Rafa shares his journey from operations to becoming a fraud specialist. The conversation covers the various types of fraud, and dives deep into the unique challenges faced in Brazil.

Rafa highlights the importance of early risk assessment for companies, the role of AI in both aiding and complicating fraud detection, and the significant impact fraud can have on businesses and consumers. He also shares some of his own stories facing fraudsters adding "If you, as a fraud professional, have never been beaten up by fraud, like you are definitely not prepared to work in this field."

Other takeaways from the conversation include:

•      The importance of early risk assessment to prevent significant fraud losses.

•      Different types of fraud: first-party, second-party, and third-party.

•      Unique challenges of managing fraud in Brazil.

•      The evolving role of AI in fraud detection and prevention.

•      Practical steps for companies to protect themselves from fraud.

•      The rise of phishing and scams targeting Brazilian consumers.

•     The impact of fintech innovation on fraud dynamics in Brazil.

•      The necessity for continuous adaptation in fraud prevention strategies.

•      And lots more...