The online fraud prevention system significantly reduces fraud-related losses, administrative costs while increasing the accuracy and efficiency of online fraud prevention activities. The system helped e-Commerce companies stop more than 3.5 million fraudulent activities in 2008.
Yvanto customers have quickly achieved significant gains in the efficiency, accuracy and productivity of their fraud prevention. Customers have documented reductions of 50 percent or more in their fraud losses, manual review rates and customer complaints due to fraud. These results have been achieved in as little as 120 days or less.
The system ability to help businesses stop more online fraud and abuse is due in part to its rapidly expanding fraud database, which today manages and shares over 200 million device reputations from almost every country in the world.
UK Card Fraud Facts and 2009 Figures:
Card-not-present (CNP) fraud dropped by 19% to £266.4 million in 2009 and showed the first ever decrease since 1999. Click here for more details.
Card-not-present (CNP) fraud dropped by 19% to £266.4 million in 2009 and showed the first ever decrease since 1999. Click here for more details.
2009 Financial Fraud Action UK:
Financial Fraud Action UK announces latest fraud report figures on 7 October 2009 Click here for more details.
Financial Fraud Action UK announces latest fraud report figures on 7 October 2009 Click here for more details.
Pro-active Risk Management, if you are an online business and would like to Protect Yourself: Click here for more details.
New Card and UK Banking Fraud Figures 2009: New figures released today (10 March 2010) show that total fraud losses on UK cards fell by 28 per cent between 2008 and 2009 to £440.3 million – a decrease of £170 million on the previous year’s total. Click here for more details.
