The Arms Race of Online Payment Fraud

Location: 2010 Level:
Average rating: ****.
(4.40, 5 ratings)

Monetizing your Web applications and services is an attractive source of revenue for many of today’s technologies powering the Internet. While making and accepting payments online is the fastest growing segment of retail and payments in general, it is also the most risky. With every advance in safety and security comes a swift adaption from professional fraudsters. The battle is a constant arms race between online companies and those set out to defraud them.

In this session, we will explore the world of online payment fraud and discuss its rapid evolution from lone hackers into global rings of organized crime. You will learn about some of today’s fraud trends as seen through the lens of PayPal’s worldwide payments network. This session will provide you with an understanding of the risks associated with accepting online payments as well as proven strategies to mitigate the threat of online payment fraud. The session contains actionable advice to help you establish a successful online revenue channel for a variety of Web applications and services.

Photo of Katherine Hutchinson

Katherine Hutchinson

PayPal, Inc.

Katherine Hutchison is senior director for global risk management at PayPal Inc. In this role, Hutchison oversees PayPal’s global protection programs for buyers and sellers and manages the company’s dispute resolution programs. She is also responsible for driving strategy and product marketing for PayPal’s risk management programs.

Before joining PayPal, Hutchison was director of product and strategy at eFunds Retail Solutions, where she provided vision and insight for the company’s strategy and products. Prior to eFunds’ acquisition of ClearCommerce in 2005, she vice president of marketing and strategy at ClearCommerce, where her overall responsibility was the company’s global marketing efforts, including product management, marketing communications, brand strategy and corporate direction.

Hutchison, who has more than 25 years of high-tech experience, began her career as a technologist, running software development groups at Texas Instruments’ Corporate Research and Development organization, and Perkin-Elmer. She graduated cum laude from the University of Virginia with a BS in Engineering, and holds an MBA from the University of Texas at Dallas.

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Dan Dahle
04/01/2009 3:24am PDT

Great job covering a wide set of relevant information!

Picture of Shuichi Shimizu
Shuichi Shimizu
04/01/2009 2:29am PDT

Interesting ! Thanks!

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