"Iovation" looks to blacklist fraudsters via their PC

By Justin Mann on July 28, 2006, 8:44 PM
While noble in thought and a good overall idea, a recently article I read on blocking the computers or criminals is just something that seems impossible. The basic idea is that if someone is caught using a stolen credit card, their PC is blacklisted and will no longer be able to access any of the participating sites. The new service from Inovation is apparently quite adept at identifying who is who:

Identified fraudsters can change their name and password as much as they like, says company CEO Greg Pierson: As long as they continue to use the same machine, they can't get back onto the Iovation-protected site.
The big problem is, of course, the fact that a PC is so easy to come by. If someone is using stolen credit cards, likely it wouldn't be above them to get another one. The service does little more than modify the user's installation, which likely is something that won't be cross platform and would be wiped clean by a fresh install or a moveto a new machine. As far as most online stores are concerned, a new credit card might as well be a new person.

User Comments: 5

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DragonMaster said:
These guys could just go in Internet cafes.
Sean said:
Wow microsoft is dumb.
crossfire851 said:
If fraudsters are smart enough to get your credit card, then they sure are smart enough to by pass this. I don't think it really "stops" anyone.
vigilante said:
I hope this wannabe company isn't making to much money, because it will soon fail. What a dumb idea.I suppose all theives who steal credit cards, and who buy stuff online, will first go home to their personal computer and then try to use the card. lolAnd behold, when they get blacklisted, I guess they'll never be able to buy anything online again! HA!I really hope they aren't getting paid much.
pikaj00 said:
sounds like they are using crapware/spyware to do their dirty work, at least thats what i got out of the article. quite suspicious if you ask me. from the article: "Iovation identifies suspicious machines through two methods. First, when a user first registers and opens an account on a Web site that employs Iovation's service, the site inserts a bit of code on the new customer's machine."-that to me sounds like a spyware install, especially if they dont notify people that they are doing so. "The company subsequently monitors patterns of behavior from data forwarded by the site." -yet more spyware-speak. "If and when fraudulent activity occurs, the code loaded onto the machine during the registration process becomes a permanent black mark." - hmm, i wonder what is stopping people from just REMOVING the software they install... unless they are using a rootkit or something similar that makes it impossible. dunno... maybe im just paranoid, but its definitely something to think about.
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