Posts by Eddie Farrell
Training an Effective Manual Review Team
On September 26, 1983, human intuition may have saved the world. Stanislav Petrov, a Soviet Lieutenant Colonel, fielded an automated nuclear missile early warning system alert. The alarm described the launch of not one, but five, ballistic missiles supposedly originating from the United States. At the time, the retaliation protocols for the Soviets required multiple…
Read MoreFundamentals of Digital Item Fraud: Automation from the Other Side
In a previous post about physical item fraud tactics and patterns, we talked about how fraudsters deploy bots and scripting to create accounts and even to place orders on your marketplace. While this practice is used on all kinds of platforms and for all kinds of goods and services, in the digital goods sector –…
Read MorePhysical Items Fraud: Exercising Keen Vigilance
Malicious actors are in pursuit of high-value, popular, and easily resalable physical items, and their tactics are characterized by complexity and convolution. There are all manner of highly intricate fraud schemes and exploitation attempts in the physical goods sector, with unique challenges not faced when protecting digital content. Given this complexity, machine learning (ML) models…
Read MoreSecure Online Shopping: A Resolution for 2024
As the festive season fades into the rearview mirror, the allure of online shopping deals and the convenience of avoiding crowded stores persist. Yet, the echoes of cyber threats continue to resonate, underscoring the need for heightened vigilance even after the holiday rush. Every year, leading up to the holidays, and shortly thereafter, there are…
Read MoreFraud Detection and Monitoring Strategy
Businesses face ever-growing threats from fraudsters seeking to exploit vulnerabilities and compromise financial stability. To effectively combat fraud and protect your online enterprise, you need advanced fraud detection and monitoring solutions. At IPS, we’ve worked with state-of-the-art technologies and tools to identify suspicious activities and patterns, ensuring our clients remain one step ahead of potential…
Read MoreComprehensive Risk Assessment
Fraud never stays the same, and fraudsters seemingly never sleep. So, relying solely on automated systems and out-of-the-box software solutions can leave your business vulnerable to significant revenue loss, customer trust erosion, and mounting fines from financial institutions. To effectively combat fraudsters and safeguard your enterprise, you need a comprehensive risk assessment that goes beyond…
Read MoreStrengthening Your Fraud Defense: The IPS Advantage
One of the key advantages of partnering with IPS is our deep fraud defense knowledgebase and unmatched expertise in fraud prevention. With two decades of experience in the field, we’ve honed our ability to understand and adapt to the unique needs of our clients. Even if you opt for an all-in-one fraud platform, our team…
Read MoreCustom Deployment: A Fraud Detection Solution
Fraud prevention is a critical concern for businesses in today’s digital landscape. With the rise of online transactions, companies are constantly seeking effective ways to protect themselves from fraudulent activities. Two primary approaches to address this challenge are the use of all-in-one fraud software platforms like those offered by CyberSource, Kount, or Sift, and the…
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