Nick Wells reported a story on CNBC.com with a headline suggesting online fraud is not a bad thing.<\/p>\n
He comments on a report from Forter, an e-commerce fraud-prevention company.\u00a0 Forter monitors customer transactions to determine if the purchase may be fraudulent.\u00a0 Forter checks the device that purchased the item, the address it is being sent to, and other information.\u00a0 It will then approve or deny the transaction, based on machine learning and decision making.<\/p>\n
The data in the report shows online fraud stabilizing at about 2% of all online transactions, or 98% of all transactions are legit.\u00a0 The report also mentions regular customers, who are technology savvy are taking advantage of coupon and referral promotions by using proxy and vpn’s to bypass authorization controls.\u00a0 Some referral bonuses include free giftcards or merchandise.\u00a0 Using these methods to circumvent the system is online fraud.<\/p>\n
The story concludes with Forter CEO, Mickael Reitblat saying, “A little bit of fraud helps.\u00a0 As long as it’s controlled, it’s okay.\u00a0 It’s the cost of doing business.”\u00a0 What he means is that if a company closes down all fraud avenues, the customer will find it more difficult to make an online transaction, which will chase them away.<\/p>\n
https:\/\/www.cnbc.com\/2017\/11\/16\/online-fraud-is-still-around-and-thats-not-a-bad-thing.html<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Nick Wells reported a story on CNBC.com with a headline suggesting online fraud is not a bad thing. He comments on a report from Forter, an e-commerce fraud-prevention company.\u00a0 Forter monitors customer transactions to determine if the purchase may be fraudulent.\u00a0 Forter checks the device that purchased the item, the address it is being sent […]<\/p>\n","protected":false},"author":14419,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[717225],"tags":[],"class_list":{"0":"post-5000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-week-12-it-security","7":"entry"},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/posts\/5000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/users\/14419"}],"replies":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/comments?post=5000"}],"version-history":[{"count":1,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/posts\/5000\/revisions"}],"predecessor-version":[{"id":5001,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/posts\/5000\/revisions\/5001"}],"wp:attachment":[{"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/media?parent=5000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/categories?post=5000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis5211sec001fall17\/wp-json\/wp\/v2\/tags?post=5000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}