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Rochester on top 10 list of U.S. cities for online fraud origination

Rochester Business Journal
October 23, 2013

Rochester ranks in the top 10 on ThreatMetrix Global Trust and Intelligence Network’s list of the top 25 U.S. cities for the origination of online fraud.

Santa Clara, Calif., took first place on the list, followed by San Jose, Calif.; Chesterfield, Mo.; New York City; Atlanta; Fremont, Calif.; Tempe, Ariz.; Dallas; Rochester; and Miami.
Rochester ranks as No. 9.

ThreatMetrix specializes in threat intelligence for both good and bad online behavior. They act a constant watchdog over their accounts so that customers do not have to worry about suspicious transactions.

The list is compiled from a sample of transactions across over 1,900 customers, 9,000 websites and 500 million monthly transactions from ThreatMetrix’s Global Trust Intelligence Network.

Each transaction was viewed with a fraud risk ranging from low, medium or high. The data is from July to October 2013. Fraud can take place in multiple aspects of a business or company such as e-commerce, banking, social media and insurance, among many others. It also affects government and enterprise level companies.

Account takeover attempts and payment fraud were two areas that almost doubled in six months according to the report. Larger cities have higher transactions, making them susceptible to threats. Credit card numbers, passwords and identities are main focus for today’s cybercriminal, the report said.

“Through the network, our customers are now protected against account takeover, payment fraud and identity spoofing attempts with the most comprehensive repository of data on the market,” said Peter Liske, vice president of product management at ThreatMetrix, in a statement. “As fraudsters continuously find new ways to automate their attacks, ThreatMetrix continues its commitment to the fight against cybercrime by providing an accurate, instantaneous risk assessment of all transactions.”

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.
 


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