# First-Party Fraud

> Notes on risk, deception, and incentives — starting from first-party fraud (friendly fraud, refund and promo abuse, bust-out) and widening to AI-enabled deception, online trust, and human nature. Pattern-level notes from someone who has spent years inside the machinery of online trust. No cookies, no trackers, no analytics.

## Notes

- [Friendly fraud is a pricing problem](https://firstpartyfraud.com/friendly-fraud-is-a-pricing-problem.html) (2026-09-13): Dispute channels have prices. When the bank's channel is cheaper than the merchant's, customers — including honest ones — route through the bank. First-party fraud as incentive-design failure.

## Sections

- [About](https://firstpartyfraud.com/): What this publication is and its ground rules.
- [All notes](https://firstpartyfraud.com/writing.html): Full archive of notes.

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