This page features a collection of articles by Jason Costain, a consultant specializing in fraud prevention and financial crime defense, and the founder of Javloc Ltd. His writing covers strategies for strengthening organizational defenses, combating emerging threats like APP fraud, and implementing cutting-edge technologies. He offers practical insights gained from over three decades of leading financial crime teams at prominent UK banks.
Throughout his career, Jason has been instrumental in driving innovations such as real-time payment monitoring, AI-driven risk scoring, and customer-centric fraud education. His work has significantly reduced fraud losses and set global benchmarks for best practice, including shaping the UK’s voluntary reimbursement code for scam victims.
His approach to fraud and financial crime defense is guided by: • Building skilled teams to maximize the use of pre-existing technology. • Emphasizing the human element and empathy in policy-making by sharing victim stories. • Fostering a collaborative ecosystem between banks, regulators, telcos, and tech providers.
His articles explore topics such as authorized push payment (APP) fraud, the role of AI and biometrics in risk mitigation, setting global fraud prevention benchmarks, and the critical need for cross-industry collaboration to create a hostile environment for fraudsters.
Suspect payments – when should a bank say no? Article written by Jason Costain on Javloc Scams – when is it ok for banks to say “no” to a customer payment instruction? The story attached ⬇️ is a good case study of the challenges faced by banks when it comes to following a customers payment…
“Crypto can be traced… if I get scammed, I’ll be able to get my money back.” Article written by Jason Costain on Javloc In this article, I’ll explain why, despite the crypto blockchain being public, crypto scam loss recovery is unlikely. I’ll also explore how fraud teams in banks and crypto exchanges can work together…
Banking Ethics…UK Scams loophole closed Article written by Jason Costain on Javloc The little known UK scam refund loophole that triggered a landslide of FOS complaints… The new scam refund rules from the Payment Systems Regulator that came into force in Oct 2024 quietly closed a long-standing loophole: ➡️For the first time, banks were REQUIRED…
How Google profits from card fraud Article written by Jason Costain on Javloc How Google profits from card fraud (case study) As UK Finance’s latest annual fraud report shows, APP Fraud is down, Remote Purchase Card Fraud is up – criminals have pivoted over recent years. Here’s an example of how criminals misuse Google (and…
How banks enable Instagram scams You’ll have no doubt heard that lots of scams start on social media (around 75% according to UK Finance). It’s a regular complaint we hear from banks. The pics below are of a scam site I came across today on Instagram selling Paul Smith designer goods at ridiculously low prices…
