THE NEXT GENERATION OF ONLINE FRAUD PROTECTION

Today’s online world is one fraught with danger. At every turn internet users are faced with phishers, hackers, fraud and the threat of identity theft. This creates an atmosphere where users are not comfortable purchasing things online and merchants are being taken advantage of on a regular basis.

The Cybersource 8th Annual Online Fraud Report estimates that over $3 billion in online revenues was lost due to online fraud. The Internet Crime Complaint Center or IC3, which is a partnership of the FBI and the National White Collar Crime Center, stated in its annual report that there was $198.44 million lost by consumers in the fraud cases that they referred to law enforcement agencies in 2006.