How to recognize an online fraudster
What makes an online fraudster? Can you tell by looking at their age? Gender? Billing address? When they shop? The answer is both yes and no, according to a recent report called "The United States of Fraud," produced Sift Science, a fraud detection and prevention software company. They identified factors including age, billing address, shipping address and purchase value that are more likely to signal fraud. This is especially important given the U.S.'s ongoing shift to EMV credit cards. With cards being harder to clone to then use in-store, fraudsters are predicted to shift their efforts online. "EMV technology makes it so much more difficult to duplicate a physical credit card," says Jason Tan, CEO and co-founder of Sift Science. "They're still looking to make their money, and doing their business online is a lucrative channel because it's scalable and anonymous." To read this article in full or to leave a comment, please click here