Tiered Fraud Rules to Frustrate the Fraudsters
Target Audience
Risk managers/directors in Mid-market to enterprise level companies
Presentation Technical Level
Advanced - Introduction of complex concepts. For attendees with significant industry experience.
Summary of Topic
Detectors form the foundation of every fraud screen, so the lifeblood of the fraudster is figuring out just what those detectors are. Once they understand the logic of a detector, fraudsters will quickly find a way around it. All by itself, any given detector will eventually be beaten no matter how sophisticated it is. But in this session, CyberSource’s Scott Boding will explore a strategy for layering detectors to obscure how each one works and to keep the fraudsters stumped for far longer. We’ll look at real world examples of such detector suites and how they improve fraud detection yet retain their sensitivity to false positives.
Audience Takeaway
Following the presentation, the audience will gain an enhanced awareness of how the detectors determine the efficacy of their fraud screens, and how best to organize those defenses to last longer.
Submitters
Bruce Frymire, Visa
Presenters
Scott Boding, Visa
Title
Director, Order Screening
Presenter Biography
Scott Boding has over 13 years of experience in the development of anti-fraud strategies and rule making. He is a leading authority on the architecture of fraud and fraud abatement. He has played a significant role in CyberSource's growth as an industry leader in fighting online fraud, and has spoken to great acclaim at the Merchant Risk Council for the last two years (2011 and 2010). This will be the first time he has addressed these very advanced topics outside of CyberSource.