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Archive for April, 2009
Classic Car Scam Exposed
30, Apr 2009I dropping you a note to alert TTAC readers about a growing problem in the autoblogosphere. There’s been a marked increase in fraudulent collectible car ads posted on http://www.trader.ca/ Normally, the bogus ads are easy to spot: they tout pristine classics at firesale prices. In many cases, the “seller” only provides an e-mail contact. If they list [...]
Fraud Experts Launch Silver Tail Systems to Lead the Fight Against Business Logic Abuse
30, Apr 2009PALO ALTO, CA (Marketwire – April 20, 2009) Silver Tail Systems, Inc., announced it raised over $2M in Series A financing to lead the fight against business logic abuse. Silver Tail Systems was founded in January, 2008, by Laura Mather, Ph.D. and Mike Eynon, two fraud prevention experts who built anti-fraud and anti-phishing tools at [...]
Acxiom Corp. has teamed up with Privacy Vaults Online Inc. (Privo) to create a do-not-contact online registry for children.
The Protect My Child Registry is slated to go live by third quarter 2009. It combines Acxiom’s identity management and data assets with Privo’s online youth registration and parental permission tools to allow parents to create ‚Äúdo [...]
FBI’s Internet Fraud Complaint Center affirms in its report that Internet fraud in the U.S. increased by 33% in 2008 and continues rising for the first time in three years. Early indicators for 2009 are not cheerful either, they showed a 50% increase in reported Internet fraud complaints with February to March 2009.    
 
http://ecommerce-journal.com/news/14725_the_number_of_internet_fraud_increased_twice_at_the_beginning_of_2009
Identity Theft Industry Is Going Strong
30, Apr 2009The pipeline for stolen data is being replenished by phony “phishing” e-mails that are becoming more common as the economy worsens. Three-quarters of the phishing e-mails Symantec examined were banking-related, for things like low-interest loans and mortgage refinancing. When people pay for those services, their money vanishes. Symantec found a startling 66 percent increase in [...]
Clarifying Pay Per Click Optimization
30, Apr 2009Hits link is a web analytics aid that provides a report on the amount of visits a particular website receives. How visitors found the site, how effective a site is and whether or not visitors transacted on the site is included in this report.  Users are generally concerned with pay per click fraud and it [...]
Fighting Online Fraud with 2Checkout’s Sebbe Jones
30, Apr 20092Checkout’s Sebbe Jones discussed how 2Checkout developed a sophisticated fraud scrubbing process, over a number of years, by intimately learning the mitigation process, through the manual examination of tens of thousands of orders the first few years of 2Checkout’s existence. Through hard work and innovative thought, 2CO developed a world-class fraud scrubbing process, but “the [...]
The Financial Services Technology Consortium, a group of technology executives with representatives from Citigroup, Wells Fargo, JPMorgan Chase, among others, has launched a research initiative to study various biometric technologies and how they could be used to discourage fraudsters’ efforts at identity theft or account take-over. While a number of banks around the world are [...]