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Fraud Essentials

Promotional banner with a person holding a smartphone and credit card. Text reads: 'Fraud Essentials – complimentary enrollment from Checkout.com' with the Checkout.com logo.

The MRC Fraud Essentials course is a self-paced program that explores the intricacies of online fraud, its perpetrators, and the role of fraud analysts. By the end of the course, you will have a strong foundation in navigating the complex world of online fraud!  

Complimentary to MRC Members. Thanks to Checkout.com
Non-members: USD $450 (plus applicable taxes)


Enroll | Members Enroll | Non-Members

In today's digital age, where eCommerce platforms thrive, so does the risk of online fraud. Understanding the foundations of online fraud is crucial whether you're dealing with credit card fraud, marketplace fraud, or first-party misuse (aka friendly fraud).

FAQs

    • Fraud Prevention and Risk Professionals: tasked with protecting customer identity and transaction integrity.
    • Financial Institutions, eCommerce Merchants, and Fintech Platforms: seeking to strengthen defenses against GenAI-enabled fraud.
    • Compliance and Regulatory Staff: needing awareness of AI-driven risks in KYC, AML, and data privacy frameworks.
    • Analysts and Investigators: focused on detecting, mitigating, and preventing identity fraud.

    • Fraud Prevention and Risk Professionals: tasked with protecting customer identity and transaction integrity.
    • Financial Institutions, eCommerce Merchants, and Fintech Platforms: seeking to strengthen defenses against GenAI-enabled fraud.
    • Compliance and Regulatory Staff: needing awareness of AI-driven risks in KYC, AML, and data privacy frameworks.
    • Analysts and Investigators: focused on detecting, mitigating, and preventing identity fraud.

    • Program Level: Intermediate
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self-Study
    • CPE Credits:1.5
    • Advanced Preparation and/or Prerequisites: Fraud Essentials is recommended.
    • Program Level: Intermediate
    • Program Field of Study: Specialized Knowledge
    • Program Delivery Method: QAS Self-Study
    • CPE Credits:1.5
    • Advanced Preparation and/or Prerequisites: Fraud Essentials is recommended.
    • Identify how generative AI technologies are being exploited in modern identity fraud schemes.
    • Explain the limitations of traditional fraud detection systems.
    • Describe how generative AI enables new forms of identity fraud.
    • Explain how AI tools enhance account takeover and impersonation tactics.
    • Recognize how generative AI is being used in real-world identity fraud cases.
    • Describe the risks posed by cross-border GenAI-enabled fraud.
    • Identify advanced detection methods for combating GenAI-based identity fraud.
    • Explain the importance of layered authentication strategies and real-time monitoring in defending against AI-enhanced identity threats.
    • Understand the regulatory implications of using AI in fraud detection.
    • Identify compliance risks posed by generative AI and how to align fraud prevention strategies with data privacy, transparency, and legal defensibility.
    • Recognize emerging GenAI fraud threats and how LLMs may be weaponized at scale.
    • Identify tools, training, and strategies to prepare teams and build ethical, adaptive AI defenses.

    Please allow 2–3 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion representing their proficiency in the subject matter.

    • Identify how generative AI technologies are being exploited in modern identity fraud schemes.
    • Explain the limitations of traditional fraud detection systems.
    • Describe how generative AI enables new forms of identity fraud.
    • Explain how AI tools enhance account takeover and impersonation tactics.
    • Recognize how generative AI is being used in real-world identity fraud cases.
    • Describe the risks posed by cross-border GenAI-enabled fraud.
    • Identify advanced detection methods for combating GenAI-based identity fraud.
    • Explain the importance of layered authentication strategies and real-time monitoring in defending against AI-enhanced identity threats.
    • Understand the regulatory implications of using AI in fraud detection.
    • Identify compliance risks posed by generative AI and how to align fraud prevention strategies with data privacy, transparency, and legal defensibility.
    • Recognize emerging GenAI fraud threats and how LLMs may be weaponized at scale.
    • Identify tools, training, and strategies to prepare teams and build ethical, adaptive AI defenses.

    Please allow 2–3 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion representing their proficiency in the subject matter.

    • MRC Members: USD $75 (plus applicable taxes)
    • Non-members: USD $150 (plus applicable taxes)

MRC Education Accreditation

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org

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MRC Education Refund Policy

MRC Education eLearning course refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course is started. Additionally, courses must be completed within one year of the course enrollment date.