Feature Article: Stopping Cybercrime in its Tracks

Stopping Cybercrime in its Tracks
A feature article from Ryan Wilk, Director of Customer Success, over at WIRED Innovation Insights.

Global business-to-consumer e-commerce sales are expected to reach $1.47 trillion in 2014, a rise of nearly 20 percent from last year, according to eMarketer. That’s good news for companies that offer products and services online – but it’s only half of the equation. The other half is the fact that fraudsters are lined up to exploit this growing market. Identity theft is now the fastest-growing type of crime.

Surprisingly, despite constant threats from malicious actors, current online security measures are often insufficient. A significant change in how companies detect online fraud is necessary if e-commerce is to remain safe and profitable. There seem to be two core models in use at most companies: the snapshot approach or the panoramic view. [read more]