Prevent online Fraud from your business and why you need to stamp it out

Risk Management

System

Fraud Affects All Merchants

Online credit card fraud is $8.53 billion Industry.

4% of Revenue lost due to frauds

Percentage of accepted orders which are later

determined to be fraudulent is approximately

2.5% for domestic & 4.7% for international orders

Less than 5% of the Merchants have effective

Fraud prevention in place

How Do Fraudsters Obtain Consumer Information?

Unsecured servers & databases

Unknown log files

Unsecured websites & shopping carts

Employee misconduct

Phishing Emails

4

Common Online Fraud Prevention Tools Can Fall Short

CVC/CVV – Card Verification Value/Code

AVS – Not accurate

3D Secure (VBV/MCSC) – offers limited coverage

IP address spoof/proxy

5

Sample of a Compromised Credit Card Data

Fraud Detection & Risk Analysis

what do we do? (1/2)

Forensic Client Device Identification

Covertly gathers around 80 Parameters about a

device to provide a unique fingerprint

Combine device parameter with user entered

information in to 600+ Rules and Algorithms

User-defined Risk Models

Create a Time difference comparison test

9 Point geo-matrix to fortify results

Fraud Detection & Risk Analysis

what do we do? (2/2)

Real-time Telephone Authentication for flagged

transactions

Link all activities to device used regardless of

identity assumed or IP address

Nexus – Maps fraudulent patterns in transactions

Keystroke – Speed, Recording

Velocity Checks

Negative Database – IP Ranges, Chargebacks,

Carders, Hackers, Bots

Process Overview

AVS

Blocklist

Velocity

Checks

Device

Information

Layered Security: Augmenting other tools F

raud F

ilters

GOOD

SUSPECT

FRAUD

TRANSACTIONS

Nexus

Product - Screen Shots

Screen Shots – Investigation View

Prevent online Fraud from your business and why you need to stamp it out

Business

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