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How to recognize an online fraudster

Discussion in 'CSO' started by RSS, Nov 11, 2015.

  1. RSS

    RSS New Member Member

    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.

    [ ALSO ON CSO: Consumer Alert: Debit card fraud at Walmart discovered in 16 states ]

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