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Is there an Identifiable Geographic Risk Factor in Online Fraud?
Question: Can knowing a website visitor's location help determine the likelihood of fraud?
Answer: Yes. If the website visitor's actual location is not the same as the address on the account he is accessing the likeliness of fraud increases.
- 50% of all Phishing attacks come from overseas.
- 15 nations have been previously identified as producing nearly 60% of all fraudulent transactions.
- In an e-Retail study of fraudulent orders, 75% of identified fraudulent orders with US billing addresses had been placed from overseas.
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First published on BankersOnline.com 2/05/07
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