Fraud & Risk
Online Marketplace Fraud
As online marketplaces have evolved to focus on services and digital products and not just physical goods, fraudsters targeting these platforms are using increasingly sophisticated techniques in an effort to evade detection. This paper from Simility looks at two common fraud types aimed at online marketplaces, then examines why user accounts, device information, and behavioral analytics are especially important tools in detecting these patterns. Simility also shares three common device characteristics used by fraudsters and concludes with a summary of the tools their platform offers to help marketplaces mitigate fraud.