News Room > Kount Blog

How Big Data Helps Protect Even the Smallest Merchants Against CNP Fraud

Posted on Tuesday, September 23, 2014

The benefits of Big Data were once reserved only for Big organizations with Big IT budgets. Big merchants. Big processors. Big gateways. But that’s no longer the case. Kount brings the power of Big Data to even the smallest merchants. This blog post focuses on one specific technique for leveraging Big Data: Personas. Read more...

3 Degrees of Separation. And No, Kevin Bacon Is Not a CNP Fraudster

Posted on Thursday, September 18, 2014

In the parlor game Six Degrees of Kevin Bacon, players try to link an actor from one movie to Kevin Bacon in another movie. For example, Elvis Presley was in Change of Habit with Edward Asner and Edward Asner was in JFK with Kevin Bacon. Ta dah! Order Linking by Kount applies the same concept, but for a more serious purpose. When a credit card is presented to you in a CNP transaction, you may be able to tell if it’s fraudulent if you have previously seen it, got burned and have flagged it accordingly. But if it’s the first time you’ve seen the card, or if you’ve seen the card previously but it’s the first time that it engages in a fraudulent transaction with you specifically (e.g., it was just stolen this morning), it’s almost impossible to detect and stop fraud. Unless you have Kount Complete with Order Linking. Order Linking expands visibility far beyond your own data and into the millions of transactions that Kount examines each day—in real-time! Read more...

You Might Have a Fraud Problem If…

Posted on Tuesday, September 16, 2014

From eBay to Target to Home Depot, we’ve seen some notable brands get hacked in the past year. Previously we shared how Kount sees telltale signs of a breach, often before the victimized company realizes it has a big problem. And by the time that problem is public, fraudsters around the world have had fresh account information for weeks, putting every online retailer at risk. Read more...

Fraudsters Are Ready For Cyber Monday, Are You?

Posted on Monday, September 15, 2014

2.29 billion. According to Internet Retailer, last year’s Cyber Monday demolished all previous sales records. While this year may not match the 20% year-over-year increase reported by IBM in the article, online businesses need to prepare for a surge in sales come December 1st. And, if you aren’t prepared, a fraud hangover months after the silly season is over. Read more...

A Breach A Day Doesn’t Keep Risk Away. But Payment Processors Do

Posted on Friday, September 12, 2014

Not all breaches are created equal, but nearly all impact online businesses. From stolen product to chargebacks, online retailers traditionally bear the most risk when it comes to fraud. But given the growing number and frequency of breaches, this responsibility is starting to spread across the payments industry, either through pending regulation and increasing oversight or by organizations stepping forward to battle the issue. Count online payments processors among those joining the fight against fraud alongside online merchants. Read more...

Home Depot’s Breach Just Weaponized Millions of Data Records. But Personas Fight Back

Posted on Thursday, September 11, 2014

Home Depot just opened the kimono a little further, confirming a breach of their payment data systems (watch for our blog post “The 7 stages of breach” coming later this month). If things play out as they have in previous breaches – i.e., the Target breach of last year – there is more bad news to come. Much more. In fact, there is a strong possibility that millions of data records will become “weaponized” just in time for the holiday shopping season. In other words, fraudsters will not only have stolen credit card information, but credentials like email addresses, billing ZIP Codes, telephone numbers, PINs and other information which will make it virtually impossible to detect fraud in card-not-present transactions. Read more...