Wednesday, May 12, 2010

Will EBay’s acquisition of Fraud Sciences help defeat online payment fraud?

Ebay acquired Israeli start up company Fraud Sciences Limited early last year…Fraud Sciences Ltd does scientific research into online payment fraud and had developed technologies like SpotLight VFX and  SpotLight T2T which detects fraudulent transactions with remarkable accuracy.

The question to ponder is will it be fool proof…Sure it will be very difficult to break these systems…But no computer technology is fool proof…Before EBay and Yahoo had been hacked…And there is a possibility even these technologies will be by passed and broken.

Let’s wait and see…

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