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Device identification is the first fraud prevention capability to truly put an ID on the evildoer.
We’re never going to catch all the world’s cyber criminals, but expansive use of device identification technology can help significantly reduce the number of machines being used to perpetrate these crimes.
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Most of the features are still free, although this is changing as of March 2009 and December 2010.
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Threat Metrix device identification reveals in real-time the true location of a computer, quickly catching first-time fraudsters as well as those attempting to return to a site with new credentials.“We knew member fraud was a problem but we couldn’t stop it,” said Samuel Bates, co-founder and CTO at Chellaul.
Chellaul chose Threat Metrix for its ability to “pierce the proxy,” part of its comprehensive device identification capability that allows Threat Metrix to determine the actual location of a computer versus what has been reported by the device’s user.
The Hidden Proxy System Concealing true device location via hidden proxy systems is a common technique of cyber criminals.
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