"Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it."

Niels Bohr

Reducing Losses from Reseller Fraud: A Merchants Perspective

Online criminals have gone through a dramatic process improvement that’s hitting online merchants and direct marketers hard with a new level of reseller fraud and affiliate fraud.

Online merchants offering affiliate programs, reseller programs and multi-payment trials are undergoing significant fraud increases resulting in higher charge backs, penalties and losses related to shipped-goods.

Read more...

Fraud - including scams, online theft, insurance cheats and tax fraud - costs the UK £30bn a year, according to an official estimate.

The National Fraud Authority (NFA) has calculated the figure for the first time and said it equated to £621 per adult in the UK.

Read more...

Techniques used for fraud detection fall into two primary classes: statistical techniques and artificial intelligence (Palshikar 2002). Examples of statistical data analysis techniques are:

• Data preprocessing techniques for detection, validation, error correction, and filling up of missing or incorrect data.

Read more...