4 Ways Modern Location Intelligence Unmasks Bad Actors
The Online Fraud Challenge
Fraud is expensive: for example, total losses due to online payment fraud will exceed $343bn globally over the next five years. To survive, every business operating on the internet must understand what online fraud is and know how to build a strong defense against it.
But your online fraud detection and prevention strategies are useless if you’re trusting in unreliable data, such as IP addresses. IPs are the de facto standard for location checks, but fraudsters can easily manipulate them using VPNs and proxies to actually conceal their true location.
Get Online Fraud Prevention and Detection that Works
To stop bad actors and provide your legitimate customers with online fraud protection, you need modern and advanced location intelligence to help confirm a user’s identity.
Businesses can use location intelligence to mitigate online fraud risks at key steps in the user journey, such as during account opening, at login, when account data is being updated or at the time of a transaction.
Download this white paper to learn:
- Why IP addresses are insufficient for detecting online fraud.
- How to boost fraud-fighting capabilities with location intelligence.
- Why accurate, verified geolocation data is a cornerstone of digital identity.