The Fraud Practice

What The Fraud Practice does

The Fraud Practice LLC is a Florida-based B2B training and advisory firm specializing in eCommerce payments and fraud prevention. Founded in 2004, the company operates primarily as an education and content platform rather than a software vendor, serving eCommerce merchants, payment professionals, fraud and customer service teams, and financial services organizations that require KYC and identity verification guidance. The firm offers a SCORM-compliant Online Fraud Training Portal (onlinefraudtraining.com) with student tracking, quizzes, case studies, demos, and interactive polls, complemented by a Fraud Library of free white papers, technique overview videos, and a published book ('Essentials of Online Payment Security and Fraud Prevention') sold on Amazon.

The company's core technology is a content and reference platform rather than transactional software. The Identity Tools Library catalogs 20+ fraud prevention and identity verification techniques (AVS, CVV/CSC, 3DS2/EMV 3DS, OOW/KBA, AAV+, VbV, device identification, email authentication, identity document verification, and more). A separate Fraud Solution Provider Competitive Landscape document maps 100+ vendors, functioning as a quasi-industry directory. The technology stack is built on Wix for the marketing site and Zoom for webinar delivery, with no disclosed API, SDK, or integrations and no proprietary AI/ML components.

Revenue mechanics span four streams: recurring online training subscriptions, one-time book sales through Amazon, paid prepared research documents (e.g., the 31-page competitive landscape, 60-page Alternative Payments Guide), and freemium white papers that double as lead generation. GTM is content-led: SEO-driven blog, white paper lead capture, sponsored placements with vendors such as Sift and Ekata (Mastercard), co-marketing webinars, and social media presence on LinkedIn, Facebook, and Twitter. The firm operates with 1-10 employees, is privately held with no disclosed outside funding, and is run by Managing Partner Kevin J. Sprake alongside Sr. Risk Management Consultant Justin McDonald and contributing author David Montague.

Name

The Fraud Practice

Legal name

The Fraud Practice LLC

Website

https://fraudpractice.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

The Fraud Practice is a Florida-based B2B training and advisory firm that provides eCommerce fraud prevention education, SCORM-compliant online training courses, research documents, and white papers to merchants, payment professionals, and financial institutions.

Ownership category

akta.pro rank

Product category

Fraud Prevention Training and Advisory

NAICS

Business Schools and Computer and Management Training (6114), Computer Training (611420)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Financial Crime & Fraud Prevention (Forensics, Investigations) (EDABAJAK)

akta.pro secondary industries

Fraud Prevention & Identity Theft / Account Takeover Awareness (EDABAGAO), Consumer Rights, Fraud Prevention & Identity Protection (EDAAAJAE)

Keywords

• ECommerce fraud training
• Payment security education
• Identity verification consulting
• Chargeback management training
• Fraud research reports

Headquarters

HQ city

Palm Harbor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Online Training Subscriptions: The company operates an online training portal (onlinefraudtraining.com) offering eCommerce fraud and payments training. Training sessions are SCORM compliant with student tracking, quizzes, case studies, demos, interactive polls, and surveys. Presented by experienced dynamic speakers
2. Books Sales: Sale of printed and digital books on online payment security and fraud prevention, such as 'Essentials of Online Payment Security and Fraud Prevention' available on Amazon
3. Prepared Research Documents: Sale of competitive landscape and market research documents including the Fraud Solution Provider Landscape (31 pages, references 100+ providers) and A Guide to Alternative Payments (60 pages)
4. White Papers: Free white papers available with registration through the Fraud Library. Some white papers are sponsored by third parties who may receive registrant information

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Fraud Practice delivers online training, white papers, prepared research documents, reference articles, and published books focused on eCommerce payment security and fraud prevention. Its core commercial product is an SCORM-compliant Online Fraud Training Portal that provides 24/7 self-paced courses on fraud fundamentals, credit card payments, identity authentication, chargeback management, and fraud controls' impact on sales conversion, supplemented by a Fraud Library and Identity Tools Library of reference content.

Product overview

The Fraud Practice is a Florida-based training and advisory company specializing in eCommerce payments and fraud prevention. The company operates primarily as an educational platform offering online training programs, a content library of white papers and reference articles, and a comprehensive identity tools technique library. Their main offerings include an SCORM-compliant Online Fraud Training Portal (hosted at onlinefraudtraining.com) delivering courses on fraud fundamentals, credit card payments, and identity authentication, a Fraud Library providing free white papers and technique overview videos, a Fraud Reference Articles repository, and an Identity Tools Library documenting various fraud prevention techniques including AVS, CVV, 3DS2, and identity authentication. The company also publishes a regularly updated fraud blog covering industry trends and maintains a published book on payment security.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Fraud Training Portal Subscription-based SCORM-compliant online training portal offering eCommerce fraud and payments courses available 24/7. Sessions include student tracking, quizzes, case studies, demos, interactive polls, and surveys, and are targeted at companies and individuals seeking structured fraud and payments education.
• Fraud Library (White Papers and Technique Overview Videos) Freemium knowledge repository providing free white papers and technique overview videos covering fraud prevention, online payments, chargebacks, identity theft, and sales conversion. Accessible after account creation on the Online Fraud Training website.
• Essentials of Online Payment Security and Fraud Prevention (Book) Published book covering online payment security and fraud prevention fundamentals, sold in printed and digital editions through Amazon.
• Fraud Solution Provider Competitive Landscape (Research Document) 31-page prepared research report cataloguing 100+ fraud solution providers, used by merchants and risk management professionals to evaluate vendors and understand the competitive landscape.
• Guide to Alternative Payments (Research Document) 60-page prepared research document on alternative payment methods and their implications for eCommerce fraud and checkout strategy.

Quantifiable outcome

• SCORM-compliant training available 24/7
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• SiftminorGTM or Marketing PartnerSift, a Digital Trust & Safety platform, sponsors content on The Fraud Practice's blog. They provide quotes and research data for articles on account takeover, payment fraud, and fraud prevention strategy. Sift is described as the leader in Digital Trust & Safety with a global data network.
• Juniper ResearchminorOthersJuniper Research provides market research data and forecasts cited in The Fraud Practice's blog posts regarding digital wallet growth, online payment fraud losses, and eCommerce trends. Their forecasts on fraud losses exceeding $362 billion globally are referenced.
• The PaypersminorOthersThe Fraud Practice contributed an article on pandemic influence on eCommerce to The Paypers' Ecommerce Fraud Report. This represents a content collaboration with the payments news publication.
• Dream Digital Images, LLCminorOthersDream Digital Images, LLC is credited for web design services on the footer of The Fraud Practice website.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Merchant Risk Council (MRC): Global membership organization for payments and fraud prevention professionals, offering education, training, and events for eCommerce merchants — directly overlapping with The Fraud Practice's core audience and educational mission.
• Association of Certified Fraud Examiners (ACFE): Leading anti-fraud training and certification organization offering courses, conferences, and credentials for fraud examiners; comparable as a structured paid training provider in the fraud prevention domain.

Broad incumbents

• SANS Institute: Established cybersecurity training organization offering courses, certifications, and webinars across the security stack including fraud-related topics — a broader incumbent with overlapping training content but covering the full security spectrum.
• TransUnion: Major credit bureau with a fraud and identity solutions division that produces educational resources for fraud professionals; comparable as a broad incumbent operating in adjacent fraud prevention and identity verification.
• (ISC)²: Global cybersecurity certification body offering CISSP and other credentials with associated training programs; relevant comparison as a large-scale cybersecurity training and certification provider.
• LexisNexis Risk Solutions: Large-scale identity verification and fraud data provider that also publishes substantial educational content for fraud and risk professionals; competes in the same practitioner mindshare space.

Others

• Sift: Digital Trust & Safety platform and active content sponsor of The Fraud Practice; produces significant free educational content on fraud, ATO, and chargebacks — a partner-competitor with overlapping training audiences.
• Kount (Equifax): Fraud prevention platform owned by Equifax providing AI-driven identity and transaction protection; an ecosystem partner/vendor whose educational content competes for the same practitioner audience.

Emerging players

• Chargebacks911: Specialized chargeback management and dispute resolution provider that also produces educational content on chargeback mitigation — directly comparable sub-niche to The Fraud Practice's chargeback training offerings.
• IAPP (International Association of Privacy Professionals): Privacy-focused training and certification organization addressing adjacent compliance and identity-protection topics; overlaps in identity/AML/KYC training content relevant to fraud prevention.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/fraudpractice
• Facebookfacebook.com/The-Fraud-Practice-LLC-139623406146576
• LinkedInlinkedin.com/company/the-fraud-practice-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Fraud Practice