Vesta: Releases CNP fraud report
- Vesta is the only instant, end-to-end transaction guarantee platform for online purchases
- Released its first Global Card-Not-Present (CNP) Fraud Report, which includes an analysis of millions of digital transactions
- The overall percentage of global transactions its system identified as being potentially fraudulent ranged from 10 to 13%
- A CNP transaction occurs when a sale is made without the customer physically presenting their credit card to the merchant
- The value of fraudulent transactions is highest on OS X and Windows, indicating fraudsters
- The only way to effectively identify and prevent CNP fraud with indirect linkage is with machine learning
