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by ocdtrekkie
1098 days ago
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Question: What does Twilio do with the profit it does make off those bad actors once it discovers they are bad actors? Probably my top issue with companies like Google which make a ton of money off of crime is... they keep the money from the crime! That's a perverse incentive to at least do a poor job preventing it. I remember visiting the Twilio offices when it was still tiny during a Google Glass related thing. I still have the T-shirt. |
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For us, we typically work with customers who are victims of fraud and the first time, we give them advice on how to better protect themselves and then refund them ~ the amount of profit we would have made. Ie we recoup costs but that’s it. For the financially aware, this is bad for our gross margin and profit but we do it to help customers the first time. After that though we expect them do implement some defenses otherwise our incentives aren’t aligned. Now however, we have Fraud Guard rolling out which should prevent much of the fraud in the first place.
There are other forms of bad actors but that’s the most prevalent these days.