3 Legal Loopholes That Let Scammers Get Away with Fraud

Technology is changing faster than the law can keep up, and the internet hasn’t made catching criminals any easier. Federal law defines computer fraud as “the use of a computer to create a dishonest misrepresentation of fact as an attempt to [cause] loss.” And for the most part, scammers who carry out their schemes on […]

The High Price of Catfishing and Romance Scams

Happy Valentine’s Day …. or is it? For many, the road to romance has always been paved with potential potholes – and the internet adds another dimension of uncertainty. For example: is that person you’ve been messaging really who they say they are? If you’ve never met in person, proceed with caution. Dating sites struggle […]

4 E-Commerce Trends and What They Mean for Fraud

The way we buy is continually shifting toward convenience, simplicity, and speed. Great for shoppers, right? But this move towards instant gratification also presents a challenge for e-commerce companies: you potentially open yourself to more risk. As a business, how do you balance meeting consumers’ high expectations without increasing fraud? Let’s take a look at some current trends […]

Is That Donation Site Legit? Tips to Tell the Real from the Fake

Even though the holiday season is over, the giving spirit doesn’t stop. Every so often there are disasters that take place (natural or manmade) that cause an outpouring of support. Think Syrian refugees, Nepal earthquake, the nuclear meltdown in Japan. Another example is a political situation that causes people to rally around a specific organization – […]

How the IoT is Changing Fraud

The FDA issues a warning that pacemakers and defibrillators might be “vulnerable to cybersecurity intrusions and exploits.” Meanwhile, hackers infiltrate home security cameras to get their hands on users’ private information, and companies like Samsung start building security systems into microwaves. It’s not science fiction; it’s the Internet of Things (IoT). What is the IoT? […]

Sift Science Fraud-Fighting Trends 2017

Fraud-fighting is the ultimate balancing act. On one side, you have risk – in the form of fraudsters, scammers, and other bad actors looking to leverage any opening they can to exploit your business for their own gain. On the other side, you have the goal of optimizing user experience – a priority for any modern online business that […]

Machine Learning Isn’t Always a Black Box

There are a number of common myths about machine learning, which we touched on in a previous post. Now, we want to dive deeper into one of those myths: that machine learning is a black box. While it’s true that many machine learning platform companies do not provide any insights about results or explain how their […]

How to Proactively Reduce Friendly Fraud

No online business wants chargebacks, but so-called “friendly fraud” chargebacks can be particularly frustrating. Fraud as a result of stolen financials is definitely harmful, but at least you can employ models and rules to detect and prevent that behavior. With friendly fraud, on the other hand, you’re dealing with legitimate customers who – for one […]

10 Things You Need to Know About Digital Wallets

The last decade has seen a tremendous shift in how we buy and sell goods, both online and in the “real world.”  As our wallets get thicker and credit card scammers get smarter, people are turning to a sleeker, potentially safer alternative to cash and cards: digital wallets. But do they actually pose less of […]

Holiday Hangover Blues? A Beginner’s Guide to Fighting Chargebacks

Congrats! You’ve successfully weathered your way through the holiday season. It was hard, but you launched a great marketing campaign, had strong sales, and are “in the black.” To top things off, you finally got that gadget thing you really wanted all year long. Basically, you’re sitting pretty. Then…your first chargeback of the new year rolls […]