ThreatMetrix Launches New “ThreatMetrix Fraud Facts”
Posted June 14, 2011
The New ThreatMetrix Fraud Facts Will Publish Charts and Commentary on What’s Happening Across More Than 15 Million Daily Online Transactions
LOS ALTOS, CA. – June 15, 2011 – ThreatMetrix™, the fastest growing provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced the launch of the new ThreatMetrix™ Fraud Facts.
ThreatMetrix Fraud Facts, which is free upon a one-time registration, will serve as an authoritative destination for online fraud statistics, reporting on data generated from more than 15 million transactions that happen on a daily basis across the ThreatMetrix™ Cloud-Based Fraud Prevention Platform. Findings will be compiled into easy-to-read charts and brief commentary on a monthly basis. The analysis will cover a range of online fraud, looking at:
• Percentage of Transactions from Compromised Devices
• Percentage of Transactions from Devices that have had Cookies Wiped
• Percentage of Transactions from Devices that are Associated with Multiple Email Addresses
• Percentage of Transactions Flagged as Higher Risk
• Percentage of High-Risk Transactions by Country
• Percentage of Countries with Highest Ratio of High-Risk Transactions
• Mobile Transaction Volumes
• Relative Mobile Transaction Volume by Country
“Today’s fraudsters are implementing new strategies that vary depending on their target, industry and objective,” said Bert Rankin, vice president of marketing, ThreatMetrix. “Emerging channels like smartphones and tablets, for instance, will undoubtedly become hotbeds for fraudulent activity. It’s important to understand how fraudsters are targeting these new channels in order to develop strategies to defeat them. It’s our goal at ThreatMetrix to not only stay on top of these trends with regular updates to the ThreatMetrix Cloud-Based Fraud Prevention Platform, but to also help educate brands about the prominence of online fraud today through tools such as ThreatMetrix Fraud Facts.”
Rankin added that with the new ThreatMetrix Fraud Facts, ThreatMetrix hopes to help arm brands with background information that will help them make better decisions in approaching online fraud — and distinguishing between good customers and those seeking to circumvent the system.
For full access to ThreatMetrix Fraud Facts, visit http://info.threatmetrix.com/FraudFactsAccess.html
Smart phones are increasingly representing a larger proportion of online transactions. As shown above, ThreatMetrix customers are participating in this trend as the number of transactions through mobile devices has doubled to over 2% in less than a year. The iPad and Android devices are the primary catalysts for growth. The ThreatMetrix Cloud-Based Fraud Prevention Platform can identify and prevent fraudulent transactions from both mobile as well as traditional desktop devices.
ThreatMetrix®, The Digital Identity Company®, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix Digital Identity Network®, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches. Key benefits include an improved customer experience, reduced friction, revenue gain and lower fraud and operational costs. The ThreatMetrix solution is deployed across a variety of industries, including financial services, e-commerce, payments and lending, media, government and insurance.