Tales from the Fraudside
TALES PROM THE PRAUDSIDE Every day, people around the world find themselves the unwitting victims of cyber criminal plots, attacks and thefts orchestrated from near and far. From a shadowy underworld, a place unseen by most, dark forces plan and launch their cyber attacks. Learn about the online threats, the cyber criminals behind them, the dark world they inhabit and how they can be thwarted! Welcome to the Fraudside! In the dark alleys and creepy corners of the Internet cyber criminals watch and wait for the opportunity to strike... O INFECT & CAPTURE SELL Q VALIDATE, WATCH, & STEAL The dark door may open when an With loads of valuable consumer Black-hearted buyer beware, for there truly is no unsuspecting user inadvertently exposes themselves to malware, falls account information in hand, the honor among thieves! Once account information online fraudsters leave their lair, has been purchased it needs to be confirmed to victim to a phishing expedition or is offering their ill-gotten gains in the ensure they are valid. To be sure they are as valuable among the millions whose credentials dark bazaars where they and their as hoped, the accounts must be watched. Over time patterns of deposits can be learned, highs and lows noted and the perfect time to strike determined. are compromised as a result of a data ilk make dirty deals in the dark. breach. Regardless of how it happens, the now infected device bares its soul to And then, without a sign or signal or word or fraudsters, sharing valuable account warning, the dark deed is done! Unsuspecting information, user names and passwords. good people are now victims of fraud.. Shadows be Gone! There are many ways to shine a light into the recesses of the Fraudside to detect dark forces at play online Signature Malware-riddled devices may show signs of infection, indicating potentially risky accounts. Device Relationships Legitimate users typically access one account from one or two different devices; a fraudster will access many accounts from their device, or a ring of villains may result in many devices accessing a single account. These are all solid indications of cyber criminal activity. Device Behavior Certain operations are driven by malware (man-in-the-middle session hijacking and man-in-the-browser event replay). These may seem difficult to catch, but complex device identification and profiling allows these threats to be recognized for what they are. Device Inconsistencies Why is a particular device claiming to be in New York but its time zone is deep in the Carpathian Mountains? What about languages that are not expected? These are all device inconsistencies that can indicate fraud and a sojourn into the darkside. Transaction Rules When the fraudster is ready to pull the trigger and steal money, you still have a chance to catch them. Unfamiliar bank accounts, unusual amounts and even odd-looking behavior; these are all signs of cyber crime. A Stake in the Heart To remain in the light and far from the Fraudside, there are some some steps that can be taken Don't count on your users to install malware protection on their device: very few will Be invisible the last thing you want is to tip fraudsters off on how you protect your customers Identify your visitors complex device identification is a private, covert, and effective way to connect the dots between devices and accounts - and ultimately catching the fraudsters Work with your customers if you see that they have malware installed, reach out to them Be everywhere if you always assume that the fraudsters have successfully broken into your customer's account, you will be diligently watching out for them throughout the entire fraud lifecycle The fraudside is always there, hidden from view and waiting for us to slip unknowingly into its dark domain. Forces for good are on hand as well, ready to defeat dirty deeds and help one and all enjoy the bright light of day! www.the41st.com 41STPARAMETER A part of Experian
Tales from the Fraudside
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