Most internet retailers say cyber criminals are winning the war on web fraud
That’s just one of the interesting findings in our Internet Retailer Conference 2009 informal survey from last week’s event in Boston. The final results are tabulated and ready for your consideration. Some of the comments hands written on the survey forms were insightful. Here’s one that I found especially telling on the question of who’s winning the war on fraud: “nobody wins—the best we can hope for is a draw.” The notion of a “draw” resonates because fraudsters are driven (and highly motivated) to constantly innovate. There’s always room for improvement when it comes to new ways and means to commit cyber fraud.
That’s why the good guys tasked with preventing fraud say “I’m always looking for new ways to fight online fraud.” I heard that a lot at IRCE last week—more evidence that device fingerprinting is the “new new thing” to fight fraud.
Click here to see the full report from our IRCE 2009 survey.
- Tom
