Host Felicia King weaves a sharp, personal narrative that ties together AI, fraud, vendor selection, and the critical role of a competent CTO. With candid anecdotes and hard-earned lessons, she explains why tightly-scoped AI — used by skilled experts with robust governance — can feel like a $150K colleague, and why poorly governed AI or flashy vendor promises can be catastrophic.
Felicia recounts real examples: AI misestimating project hours, DDoS services sold as a bargain that hide dow...
Host Felicia King weaves a sharp, personal narrative that ties together AI, fraud, vendor selection, and the critical role of a competent CTO. With candid anecdotes and hard-earned lessons, she explains why tightly-scoped AI — used by skilled experts with robust governance — can feel like a $150K colleague, and why poorly governed AI or flashy vendor promises can be catastrophic.
Felicia recounts real examples: AI misestimating project hours, DDoS services sold as a bargain that hide downstream costs, and an enterprise outsourcing APIs to a freelance developer — each story revealing the hidden risks that lurk when counterparty relationships, transparency, and technical competency are ignored.
Through clear guidance and provocative questions about trust and vendor behavior, she urges listeners to prioritize people they know, insist on disclosure, and secure CTO-level expertise to interpret AI claims and perform rigorous risk assessments. This episode is a practical wake-up call for leaders navigating the modern intersection of AI and operational risk.
Quick recap
Felicia discussed the proper implementation of artificial intelligence in business operations, emphasizing its value as a tool when used correctly under human oversight. She addressed the growing threat of AI-driven fraud and the importance of robust identity verification processes, introducing a service to help build trust between service providers and customers. Felicia stressed the significance of selecting IT vendors based on trust and transparency, advocating for the role of a Chief Technology Officer to navigate complex technical and business risks while ensuring proper risk management and security standards are maintained.
AI Implementation and Human Oversight
Felicia discussed the convergence of several interconnected topics, including artificial intelligence, fraud detection, and vendor selection. She emphasized the importance of proper AI implementation, highlighting its potential to act as a valuable asset when used correctly. Felicia also addressed the limitations of AI, noting that it excels at analyzing pre-engineered designs but should not be relied upon to create them. She stressed the need for human oversight and expertise when using AI tools, cautioning against the dangers of substituting AI for skilled professionals in critical roles.
AI Fraud Prevention Strategies
Felicia discussed the increasing threat of AI-driven fraud, highlighting the low financial and time investment required for criminals to create convincing deepfakes. She emphasized the importance of robust Know Your Customer (KYC) processes and multi-factor authentication, noting that these systems often create unnecessary friction for non-technical users. Felicia introduced a service called Professional Residential to address these issues, providing ongoing training and support to build trust between service providers and customers. She also explained the importance of validating customer identities, particularly for sensitive operations like vault access, and stressed that effective fraud prevention relies on maintaining consistent, human relationships with customers.
Trust and Transparency in IT Vendors
Felicia discussed the importance of selecting IT service providers based on trust and transparency rather than solely on technical metrics or past performance. She emphasized the need for open communication and mutual trust, warning against vendors who might be dishonest or introduce counterparty risk. Felicia also highlighted the importance of understanding the technical details of a vendor's offerings, using an example of a UCAS system where she discovered undisclosed technology through AI analysis.
CTO's Role in Risk Management
Felicia discussed the importance of having a Chief Technology Officer (CTO) to navigate complex technical and business risks. She shared examples of issues that could arise without proper risk assessment, such as high costs for unneeded services and lack of visibility into traffic. Felicia emphasized that only a CTO could identify these risks and make informed decisions. She also highlighted the dangers of using APIs without adhering to security standards and the importance of supply chain risk management. Felicia concluded that organizations need a CTO to help navigate these complex issues and avoid being vulnerable to potential threats.
