Online fraud remains a major problem, and some experts predict that it will only get worse. Fortunately, there are also technologies and tactics that seem to offer some hope for improvement.
Most incidences of fraud stem from the inability to associate a particular transaction with an authorized, legitimate identity. Criminals who engage in fraud are able to make use of credit card numbers and other sensitive information because no system intervenes to detect the inappropriateness of their efforts.
At least one company has proposed a solution to this problem that could make a real difference. As those who read more about Jumio and its identity verification technology will see, fraud does not have to be taken for granted.
A Better Way to Verify That a Transaction or New Account is Appropriate and Authorized
Merely possessing a credit card account number should never, in and of itself, be taken as evidence …