Click here to download your free copy of ThreatMetrix’s latest whitepaper.
The Internet makes it fast and easy for people to connect with other people, to buy things, move money and engage anyone anywhere in the world instantly. Before the Internet, fraud was mostly a paper-based scheme like check kiting, embezzlement, and forgery. But the benefits that the Internet offers businesses and consumers are also available to fraudsters: speed, global reach, efficiency, convenience—with opportunity, accessibility and anonymity that have made fraud a top concern for consumers, governments and businesses everywhere. Like the dog in the famous New Yorker cartoon that tells the other “No one can tell you’re a dog on the Internet,” it’s very hard to tell if the person at your website is who they claim to be.
The doors that provide entry to good customers online are the same doors that fraudsters use to gain entry: logins, new account registration, and online purchases (card not present). The keys that enable people to pass through these doors are credentials, identities, account numbers, credit cards and personal information. Cyber criminals steal this information by tricking unsuspecting consumers into giving it to them unwittingly, or using technology to silently take over their computers and impersonate them or capture their keystrokes.
Click here to download your free copy of ThreatMetrix’s latest whitepaper.
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