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Why Device Age Matters

Published By: Iovation
Published:  Aug 02, 2019
Length:  11 pages

You may have heard that storing device data for more than a few months has no value because fraudsters frequently switch devices. Our data shows otherwise.

Over a typical 30-day period, iovation saw 2M transactions from devices with a history of fraud that was first seen on our network 3+ years earlier. That number is even more sobering for devices first seen 1-2 years earlier: 16M transactions. Fortunately, iovationís unique device history capability provides our customers with the knowledge of whether a device has a history of fraud.

In this report, youíll learn:

  • That once caught, fraudsters donít dispose of the device used to commit fraud, they simply stop using it for a period of time before trying it again
  • How device reputation can enable you to make smarter and safer decisions about which transactions to allow, which to scrutinize, and which to deny
  • Why accurate device recognition, without the need for directly identifying PII, is required for providing a device reputation capability