The Updated Fraudsters’ Toolkit (and How To Neutralize It)
Fraudsters run a business. They’re nimble, agile and creative, and the fraud toolkit never cease to expand. From stolen credentials to synthetic identities, location and IP spoofing, they have hundreds of ways to circumvent traditional fraud prevention strategies. Beyond what we have been doing for the past decade, there are new ways, and new datapoints we can leverage to disrupt fraudsters’ businesses. Advanced location intelligence and IP address analysis, modern device profiling and innovative identity proofing tools all help high risk industries stay ahead of fraud. But this cutting edge tech can be hugely beneficial to merchants, and doesn’t require extensive technical expertise or big fraud investigation teams to implement. It can be transformative to our business, help reduce losses, but most importantly, help build trust and loyalty with our customers.
Learning Objectives:
- How advanced geolocation data and other advanced data points serve as a critical first line of defense against fraud
- How those datapoints can help prevent, not only transaction fraud, but also subscription fraud, account takeovers and abusive chargebacks as well as first-party fraud
- Innovative and effective tools to combat the threats posed by anonymous actors online
- Success stories and real-life examples of how this technology is used every day
- How geolocation can help merchants collaborate more effectively with law enforcement
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