[Waifu]

Hello all,

I came across and article when I was reading through mothereds' blog. I found it extremely interesting but at the same time scary for the future of SE. This company is called Kount, in which specializes in preventing the widely known "refunding" methods across retailers and sellers. Not only that, this company uses AI in order to fingerprint the user who is committing such deceitful actions. To add more, this AI can distribute a users fraudulent refund information to many other companies using their services.

Here is the article link: https://kount.com/blog/what-is-refund-fraud/

Here is what they state:

How to prevent eCommerce refund fraud
1. Implement a fraud prevention solution that uses AI and machine learning
Kount Command is the predominant fraud prevention software, maintaining a variety of strategies for detecting eCommerce refund fraud. From account creation to login and checkout, Kounts Identity Trust Global NetworkTM analyzes billions of identifiers to establish real-time links between identity elements and return identity trust decisions. Knowing more about these identity trust elements can help merchants and fraud teams determine when someone is seeking a legitimate refund.

Refund Fraud Stats
Kount can add identity elements  like shipping addresses, payment tokens, and email addresses  for customers who request refunds often to a grey list, Harrison explained. There's a lot of flexibility, so they can understand more about each transaction before they ship new orders.

Furthermore, Kount's AI and machine learning informs refund data. If one merchant declines a purchase because the bad actors identity elements are associated with a high volume of refunds, that information informs other parts of Kount's network. When that bad actor goes to another merchant for a refund, machine learning takes those likely fraudulent refunds into account.

Are you guys afraid of these companies and how they are catching up to us?
Do you really think this will be implemented?
Do you think what they are doing is efficient and suffice for this manner?
Will their what-so called "AI" really be able to detect something that is for ex: stated as "lost"?

I would really love to hear your guy's opinion on this and if you think that this company and/or other companies similar to it will detect such fraudulent things as stated in the beginning.