Home
Categories
EXPLORE
True Crime
Comedy
Sports
Society & Culture
Business
News
History
About Us
Contact Us
Copyright
© 2024 PodJoint
00:00 / 00:00
Sign in

or

Don't have an account?
Sign up
Forgot password
https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/6e/61/0b/6e610b65-ca64-8298-f7d5-3cc9efd24d43/mza_403534046132417468.jpg/600x600bb.jpg
Overdrive Radio
Overdrive
500 episodes
3 days ago
Off the top of the Overdrive Radio podcast this week is the voice of fuel-payments provider Wex's Vice President of Global Anti-Financial Crimes William Fitzgerald, laying out a 1 in 12,000 transaction rate for detection of fraud over the company's entire fuel-payments network. That is, 1 in every 12,000 purchases are flagged as suspiscious, potentially fraudulent, and blocked in automated fashion among its millions upon millions of fuel transactions facilitated annually. Translate that incidence to the roughly 350,000 fuel transactions National Association of Small Trucking Companies President David Owen knows move through the association’s own Quality Plus fuel network any given month, and that’s right at 30 transactions being held up by the system. William Fitzgerald was speaking at NASTC's annual conference to outline the evolving landscape of fuel fraud/theft for attendees and showcase tools within Wex's (and some other card providers') networks that are increasingly successful in helping carriers of all shapes and sizes eliminate fraud's impact. Along the way, too, the company's been able to reduce the rate of so-called "false positives," legimate fuel purchases held up by the card provider's systems. Fitzgerald's well aware such hold-ups can be particularly annoying, and unproductive. Illustrating the huge financial impact of stolen fuel, though, he asked this hypothetical question to a room of NASTC conference attendees: "What would be an acceptable false-positive rate in your minds?" he asked. "How many good transactions would you be OK with me stopping to prevent a bad one?" The goal is zero false positves, of course, as Wex and other card providers calibrate a variety of techs operating in the network's background to get there, in addition to more human-focused efforts aimed at education to prevent account takeovers and the like that can bring the biggest hits to a fuel buyer’s bottom line. Results from ongoing efforts at Wex in particular have been good in recent months, he said. "We've got overall, over the last 10 months, a 25% reduction in losses, a 32% reduction in false positives," and a big increase in detection, too, he said. Those results he attributed largely to technical innovations in company’s network, some described in part in a recent paper authored by the company you'll find at this link: https://www.wexinc.com/wp-content/uploads/2025/09/WEX-Closed-Loop-Fleet-Card-White-Paper.pdf But the human element in fraud prevention might be the biggest factor any size carrier can address to make the most gains in preventing losses, empowering themselves through self-education and passing that on to team members for those of you with more than just a single truck under your management. "We've seen the most yield" in fraud prevention, he said, "with education and empowerment." Fitzgerald described efforts of Wex to illustrate the kinds of schemes that might result in infiltration of its own backend, including simulated phishing attacks through targeted fake emails designed to get a user to provide access to their login data with a goal of compromising accounts. Wex sends such emails to its own employees on occasion to lure them in, thus serving an educational purpose in awareness. Their most "successful" such an effort? An offer of "free Taylor Swift tickets. Everybody clicked on that," Fitzgerald said. In the podcast, track through Fitzgerald's entire NASTC talk, tracking through those backend upgrades but also plenty more you can do to work with the company's team and tools in its system, like its SecureFuel solution, to prevent fuel theft. Likewise, should the worst, to work with law enforcement to apprehend the thieves. Mentioned in the podcast: **'Personal cyber hygiene' in age of social engineering hacks: https://www.overdriveonline.com/15755615 **More from NASTC's conference on insurance, ELD data: https://overdriveonline.com/15770374
Show more...
Business
RSS
All content for Overdrive Radio is the property of Overdrive and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Off the top of the Overdrive Radio podcast this week is the voice of fuel-payments provider Wex's Vice President of Global Anti-Financial Crimes William Fitzgerald, laying out a 1 in 12,000 transaction rate for detection of fraud over the company's entire fuel-payments network. That is, 1 in every 12,000 purchases are flagged as suspiscious, potentially fraudulent, and blocked in automated fashion among its millions upon millions of fuel transactions facilitated annually. Translate that incidence to the roughly 350,000 fuel transactions National Association of Small Trucking Companies President David Owen knows move through the association’s own Quality Plus fuel network any given month, and that’s right at 30 transactions being held up by the system. William Fitzgerald was speaking at NASTC's annual conference to outline the evolving landscape of fuel fraud/theft for attendees and showcase tools within Wex's (and some other card providers') networks that are increasingly successful in helping carriers of all shapes and sizes eliminate fraud's impact. Along the way, too, the company's been able to reduce the rate of so-called "false positives," legimate fuel purchases held up by the card provider's systems. Fitzgerald's well aware such hold-ups can be particularly annoying, and unproductive. Illustrating the huge financial impact of stolen fuel, though, he asked this hypothetical question to a room of NASTC conference attendees: "What would be an acceptable false-positive rate in your minds?" he asked. "How many good transactions would you be OK with me stopping to prevent a bad one?" The goal is zero false positves, of course, as Wex and other card providers calibrate a variety of techs operating in the network's background to get there, in addition to more human-focused efforts aimed at education to prevent account takeovers and the like that can bring the biggest hits to a fuel buyer’s bottom line. Results from ongoing efforts at Wex in particular have been good in recent months, he said. "We've got overall, over the last 10 months, a 25% reduction in losses, a 32% reduction in false positives," and a big increase in detection, too, he said. Those results he attributed largely to technical innovations in company’s network, some described in part in a recent paper authored by the company you'll find at this link: https://www.wexinc.com/wp-content/uploads/2025/09/WEX-Closed-Loop-Fleet-Card-White-Paper.pdf But the human element in fraud prevention might be the biggest factor any size carrier can address to make the most gains in preventing losses, empowering themselves through self-education and passing that on to team members for those of you with more than just a single truck under your management. "We've seen the most yield" in fraud prevention, he said, "with education and empowerment." Fitzgerald described efforts of Wex to illustrate the kinds of schemes that might result in infiltration of its own backend, including simulated phishing attacks through targeted fake emails designed to get a user to provide access to their login data with a goal of compromising accounts. Wex sends such emails to its own employees on occasion to lure them in, thus serving an educational purpose in awareness. Their most "successful" such an effort? An offer of "free Taylor Swift tickets. Everybody clicked on that," Fitzgerald said. In the podcast, track through Fitzgerald's entire NASTC talk, tracking through those backend upgrades but also plenty more you can do to work with the company's team and tools in its system, like its SecureFuel solution, to prevent fuel theft. Likewise, should the worst, to work with law enforcement to apprehend the thieves. Mentioned in the podcast: **'Personal cyber hygiene' in age of social engineering hacks: https://www.overdriveonline.com/15755615 **More from NASTC's conference on insurance, ELD data: https://overdriveonline.com/15770374
Show more...
Business
https://i1.sndcdn.com/artworks-6DZSSlIpDiVR3UZT-VISmPA-t3000x3000.png
Ice Road Truckers' Lisa Kelly, back in action -- new show season, new biz
Overdrive Radio
23 minutes 17 seconds
1 month ago
Ice Road Truckers' Lisa Kelly, back in action -- new show season, new biz
Off the top of this week's Overdrive Radio episode one thing's clear. Longtime Alaska-based truck driver Lisa Kelly is now a business owner. That's right, in the very long time since Overdrive editor Todd Dills last spoke to her (though not the last time you read about her in Overdrive), she bought a 2019 Peterbilt 389 and leased on with a company to work Alaska's Dalton Highway (the "Haul Road," as its known): https://www.overdriveonline.com/channel-19/article/14874578/haul-road-to-the-himalayas-interviewing-lisa-kelly It's also the 389 she's hoping to earn money enough to either repair or replace as shown in episode 1 of the brand-new season of the History Channel's "Ice Road Truckers" franchise, back after a long hiatus. Owner-operator Kelly's got long history with the show, part of the first seasons that were filmed in Alaska after it got its start along routes partially on frozen lakes in far northern Manitoba in 2007. She couldn't talk publicly about the fleet she's leased to today, per an agreement with the owner when she decided to go back to IRT, yet she was willing to share her own business's name. "I'm Arctic Fox Trucking," she said, and yeah, there's a story there. "Back in the day when we were filming in Alaska, Season Three," she said, the Arctic Fox moniker was bestowed upon her by a young woman among the show's producers, one among many nicknames passed around for cast and crew on the show. "She thought it would be funny," Kelly added, yet "I didn't get it" at first. Finally, though, she did, perhaps when Esquire magazine dubbed her the "sexiest trucker alive" in a headline back in 2010, coupled with photos of Kelly and the Kenworth she drove for well-known Alaska-headquartered Carlile Transportation. For all such attention she got back in those days, it was another quality that stood out perhaps more prominently -- a no-nonsense attitude toward the work of trucking. It all ended with her in a role as something of a de facto ambassador to the world for North American hauling. What's life been like for her since? Catch plenty more about all of that, including a good bit of time away from the road before buying that Peterbilt, in the podcast. The current "Ice Road Truckers" season -- find two episodes available for streaming today via this link: https://www.history.com/shows/ice-road-truckers -- features a cast of two other haulers with Kelly working for Operations Manager Bill Dahn's Muskie Creek Ltd. company, hauling north on six weeks' worth of winter roads to communities otherwise cut off from land routes. The first episodes also features Harris and Sons Transportation owner and operator Shaun Harris and his sons Riley and Zach, as they survey ice that just doesn't seem to be firming up fast as usual, with the work piling up for the season west in Saskatchewan. As always for the reality-TV franchise, there’s plenty drama in those first couple episodes, offering an entertaining window into a brand of trucking that’s certainly more man v. nature than most. In the podcast, drop into Kelly's story of how she came to truck ownership some years after the end of the "Ice Road Truckers" original run, as the owner-operator takes us back to her time as a Carlile Trasportation company driver, then all that’s happened since. Short version, as it were, of a long, long story. "A lot happened, and nothing happened," she laughed, to start it off.
Overdrive Radio
Off the top of the Overdrive Radio podcast this week is the voice of fuel-payments provider Wex's Vice President of Global Anti-Financial Crimes William Fitzgerald, laying out a 1 in 12,000 transaction rate for detection of fraud over the company's entire fuel-payments network. That is, 1 in every 12,000 purchases are flagged as suspiscious, potentially fraudulent, and blocked in automated fashion among its millions upon millions of fuel transactions facilitated annually. Translate that incidence to the roughly 350,000 fuel transactions National Association of Small Trucking Companies President David Owen knows move through the association’s own Quality Plus fuel network any given month, and that’s right at 30 transactions being held up by the system. William Fitzgerald was speaking at NASTC's annual conference to outline the evolving landscape of fuel fraud/theft for attendees and showcase tools within Wex's (and some other card providers') networks that are increasingly successful in helping carriers of all shapes and sizes eliminate fraud's impact. Along the way, too, the company's been able to reduce the rate of so-called "false positives," legimate fuel purchases held up by the card provider's systems. Fitzgerald's well aware such hold-ups can be particularly annoying, and unproductive. Illustrating the huge financial impact of stolen fuel, though, he asked this hypothetical question to a room of NASTC conference attendees: "What would be an acceptable false-positive rate in your minds?" he asked. "How many good transactions would you be OK with me stopping to prevent a bad one?" The goal is zero false positves, of course, as Wex and other card providers calibrate a variety of techs operating in the network's background to get there, in addition to more human-focused efforts aimed at education to prevent account takeovers and the like that can bring the biggest hits to a fuel buyer’s bottom line. Results from ongoing efforts at Wex in particular have been good in recent months, he said. "We've got overall, over the last 10 months, a 25% reduction in losses, a 32% reduction in false positives," and a big increase in detection, too, he said. Those results he attributed largely to technical innovations in company’s network, some described in part in a recent paper authored by the company you'll find at this link: https://www.wexinc.com/wp-content/uploads/2025/09/WEX-Closed-Loop-Fleet-Card-White-Paper.pdf But the human element in fraud prevention might be the biggest factor any size carrier can address to make the most gains in preventing losses, empowering themselves through self-education and passing that on to team members for those of you with more than just a single truck under your management. "We've seen the most yield" in fraud prevention, he said, "with education and empowerment." Fitzgerald described efforts of Wex to illustrate the kinds of schemes that might result in infiltration of its own backend, including simulated phishing attacks through targeted fake emails designed to get a user to provide access to their login data with a goal of compromising accounts. Wex sends such emails to its own employees on occasion to lure them in, thus serving an educational purpose in awareness. Their most "successful" such an effort? An offer of "free Taylor Swift tickets. Everybody clicked on that," Fitzgerald said. In the podcast, track through Fitzgerald's entire NASTC talk, tracking through those backend upgrades but also plenty more you can do to work with the company's team and tools in its system, like its SecureFuel solution, to prevent fuel theft. Likewise, should the worst, to work with law enforcement to apprehend the thieves. Mentioned in the podcast: **'Personal cyber hygiene' in age of social engineering hacks: https://www.overdriveonline.com/15755615 **More from NASTC's conference on insurance, ELD data: https://overdriveonline.com/15770374