Since fraudsters possess self- centered qualities, one would naturally think that a fraudster works alone and gains the most that way.
However, today’s fraudsters are professionally connected to other criminals all over the world who work together as a team. Through blogs and other various forums, criminals share their tricks and tips based on their own past experiences. Very often, they also work together to maximize potential damage to a specific site in the hopes of stealing larger amounts. And then there’s the “Deep Web”, where fraudsters have the capability to literally buy and sell stolen information to enable fraud.
Automated vs. Manual Review
Since most businesses rely on manual reviews to catch fraud, fraudsters prey on that as a serious weakness and attack when reviewers are overwhelmed. With FraudWatch, you need not worry about this issue since we run on a fully automated system, eliminating the worry of manual order reviews costing time and inaccuracy. With FraudWatch you’ll get instant and accurate approvals, while being completely invisible to your customers. As most other fraud solutions require that you install tracking codes on your website, FraudWatch helps curb your fraud without the need to install scripts on your website, which slows down page loading and infringes on privacy.
Fraudsters all over the world avoid websites with FraudWatch. Since 2008, we have been increasingly improving and implementing over 165 parameters and cross-checks to analyze single transactions. When we detect a network, we instantly go to work on blocking it across all FraudWatch protected sites.
And our work is never done. FraudWatch continues to progressively strengthen our fraud prevention strategy to make sure we are always up-to-date and ahead of the game.
Whether we are fighting against one, or many fraudsters working together – we are FraudWatch united.