Stopping Cybercrime in its Track
Guest column by Ryan Wilk, Director of Customer Success. Read the full column at The Data Center.
November 17, 2014 — NoGlobal business-to-consumer e-commerce sales are expected to reach $1.47 trillion in 2014, a rise of nearly 20% 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 and the panoramic view. [read more]