2012 MRC Annual eCommerce Payments and Risk Conference

Mid-sized and Large online merchants and credit issuers
VPs and Directors of eCommerce initiatives, Fraud Analysts

Basic - An introduction to the topic. For attendees new to the industry.
Intermediate - The next step beyond the basics. For attendees with some industry experience.

A case that began with one identity theft victim and $5,000 of losses ended up with multiple victims and hundreds of thousands of dollars in fraud losses – after iovation’s device reputation technology tied together what otherwise looked like unconnected cases – across multiple counties, victims and retailers.

In January 2011, a Northwest detective was assigned a case on a resident who received mail that multiple retail accounts were opened in his name, and little did he know that $5,000 had already been charged to those accounts.

Meanwhile, a criminal and his girlfriend, working out of a hotel room, had been commissioning runners to steal mail out of residential mailboxes. They bought public records and ran credit checks and when they had enough personal information, applied for credit at major retailers. When accepted, they printed soft copies of the credit approval and manufactured fake state IDs right out of their hotel room. The IDs produced contained the victim’s real address, but the criminal’s photo. Having the credit approval printout and fake ID allowed them to make purchases at multiple major retail stores, that they would later sell for cash or advertise on Craigslist to fund further illegal activities.

Hear how law enforcement used the power of device reputation to bring these criminals to justice, all while saving time, effort and resources and greatly broadening the scope of the existing case.

What might look like a single fraud case at first, may very well be tied to a much bigger web of fraudulent activities across multiple industries and geographies. These can be uncovered leveraging the power of device reputation.