How to Incorporate Dynamic Digital Data and "Unstealable" Data Attributes in Fraud Prevention

Fraud
Management
Authentication
Data analysis
Neustar
Dec 10, 2019
Whitepapers
Unlike static data -- such as a name or Social Security number, which does not change -- or credit bureau data -- which relies on periodic consumer updates -- dynamic data elements cannot be spoofed and constantly give clues as to whether consumers are in fact who they say they are. Dynamic data is not a silver bullet, but when used in combination with other types of data, it significantly increases the efficacy of fraud prevention and the ability to identify good customers. This paper examines three key fraud patterns and seven types of authentication along with important insights on leveraging dynamic data as part of a risk mitigation strategy.

Some content is hidden, to be able to see it login here Login

Tagged:
Blue-tinted background of a man watching a webinar

Host a Webinar with the MRC

Help the MRC community stay current on relevant fraud, payments, and law enforcement topics.
Submit a Request

Publish Your Document with the MRC

Feature your case studies, surveys, and whitepapers in the MRC Resource Center.
Submit Your Document

Related Resources

Jun 26, 2024
A Holistic Framework for Managing Generative AI Fraud, Presented by Persona It’s easy to feel paralyzed by generative AI, as if it’s creating new attacks that are impossible to proactively address. Generally speaking, however, this isn’t true — sophisticated fraudsters who can bypass the best automated models and most seasoned fraud analysts have always existed. It’s just the multiple ways a wider variety of bad actors can evade detection that’s changing the game.
May 22, 2024
The Power of Fresh Data: A Fraud Fighter's Guide to Honeypots, Presented by IPQS In this webinar presentation, we'll explore applications of honeypots, traditionally associated with cybersecurity, in the realm of fraud prevention. The focus will be on addressing the rising challenges posed by malicious bot attacks, account takeovers, transaction fraud, and other abuse. The need for fresh and discerning data to distinguish between legitimate users and fraudsters is more critical than ever, especially with the proliferation of spoofing, residential proxies, and easily accessible fraud toolkits fueling attacks on websites.
Sep 13, 2023
Optimizing Fraud Capture in a Digital Environment The key is connecting consumers’ digital information to their devices, understanding device risk and identifying signals of fraudulent behavior.
Sep 13, 2023
Fraud-Free by the Holidays Join Vesta’s very own Chief Product Officer, Hrishi Talwar and VP, Machine Learning Engineering, Jack Kohoutek, as they discuss the eCommerce fraud landscape (threats and trends) and the strategies merchants should be taking to prepare for this holiday season.
Mar 27, 2024
LexisNexis® Risk Solutions True Cost of Fraud™ Study: Ecommerce and Retail Report Digitalization continues to transform the industry. One-fifth of transaction volume occurred via digital payments methods such as digital wallets, payment apps, Buy Now Pay Later (BNPL) schemes and cryptocurrency. Digital transactions drive over half of revenue.
Feb 13, 2024
DataDome 2024 EMEA Bot Security Report Bot protection is the foundation of online fraud prevention. With the proliferation of bots and their potential to cause financial losses and reputational damage, it is crucial for website owners to defend themselves against automated threats. Yet our recent analysis of 4950+ EMEA websites found that a significant majority of EMEA-based digital businesses are inadequately protected against simple bot attacks.
Dec 13, 2023
Payment Methods Report 2023: Should Merchants Accept Crypto Payments? Looking Towards 2024 and Pros & Cons In The Paypers Payments Methods Report 2023, Tracy Kobeda Brown, VP of Programs and Technology at the Merchant Risk Council, extensively explores the realm of cryptocurrency adoption. The report, titled "Should Merchants Accept Crypto Payments? Looking Towards 2024 and Pros & Cons," explores the advantages of cryptocurrency, such as swift transactions and reduced fees that align with consumer preferences. However, it does not sidestep the challenges, encompassing factors like market volatility, regulatory uncertainties, and conventional fraud risks. Brown provides an insightful guide, urging merchants to meticulously consider these factors in the ever-evolving landscape of payment technologies.
Dec 07, 2023
The Paypers Fraud Prevention in Ecommerce Report 2023-2024 The Paypers 2023-2024 Fraud Prevention in Ecommerce Report explores the escalating global ecommerce market post-pandemic, emphasizing the rising threat of online fraud.
View All Resources
X
Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.
Confirm