China's latest reforms of the digital accounts receivable certificates (应收账款凭证) (IOUs*) market have been widely reported as an effort to protect small and medium-sized enterprises (SMEs) from unfair...
Trends in FRAUD – Financial Risk Articles
Artificial Intelligence and the Industrialization of Cybercrime
A fundamental shift is occurring in cybersecurity. Artificial intelligence is beginning to industrialize cybercrime. The objectives of cybercriminals have not changed. They still seek financial...
Cyber Security: Governance Lags Behind Rising Attacks
Leading software security firm JFrog has released its 2026 Software Supply Chain Security State of the Union report, revealing: Enterprise Software Risk is Accelerating at an Unprecedented Rate...
China’s Rating Reckoning: What a Well-Functioning Market Would Have Asked Sooner
Executive Summary China’s credit rating crisis is not simply the result of inflated grades—it reflects a deeper failure of market discipline. In a well-functioning market, persistent clustering of...
From Skill Gap to Credit Risk: The Next Fault Line in Corporate Assessment
This article concludes a short Intrepid Explorers three part series examining how structural skill gaps are migrating from labor markets into operational risk—and now into credit assessment and...
Cybersecurity: When the Defenders Fall Behind the Criminal Economy
This is the second in a short Intrepid Explorers series of articles examining a growing structural issue that is beginning to move beyond labor markets and into the core of economic and financial...
Private Credit at a Crossroads — What Credit Leaders Are Warning
Recent warnings about private credit are not coming from commentators. They are coming from the lending industry itself. According to Fitch Ratings, U.S. private-credit default rates are approaching...
Fraud 2026: Five Threats — or One Systemic Shift?
The latest warnings directed at credit unions identify five emerging fraud threats for 2026 These five threats are: AI-powered deepfakes, synthetic identity fraud, authorized push payment scams,...
Cyber Security Trends: Social Media Surpasses Email as the Primary Scam Channel
Recent analysis confirms a structural shift in online fraud: social media has overtaken email as the dominant delivery channel for scams According to research summarized by BrokerChooser and...








