Do you know about "Fraudlabs Fraud detection Web Service"?

The FraudLabs Credit Card Fraud Detection Web Service is a hosted, programmable XML Web Service that allows instant detection of fraudulent online credit card order transactions. The FraudLabs Credit Card Fraud Detection Web Service helps the Internet merchant to avoid loss of revenue, waste of productivity, and increase of operation costs in chargebacks and higher reserved funds as a result of online frauds.

Simply provide FraudLabs several non-intrusive online transaction data such as IP address, email address domain name, delivery address, credit card bank identification number (BIN), area code and ZIP code. FraudLabs Web Service analyzes and scores the transaction information using proprietary FraudLabs algorithm based on known risk factors derived from online fraud patterns. Merchants can automate business decision instantly based on the FraudLabs XML results that are cross-referenced against multiple proprietary databases in real-time.

A fraud validation score is directly proportional to the risk of the input values. The higher the scores, the higher the risk of a transaction.
Benefits

Prevents loss of revenue due to delivery of goods to fraudsters.
Prevents waste of productivity to review all online orders manually.
Prevents increase of operation costs as a result of online frauds chargeback and higher reserved funds.
Integrates via an XML-based Web services interface to any product or platform.
Contains sample code examples for ease of integration.
Provides multiple subscription levels at different prices based on your business needs.

Red Flags Compliant

If you are a business or company that pulls a credit report and/or offers credit or payment plans to consumers you need to become aware of your Red Flags Compliant responsibilities.

What are some of the types of companies that must be Red Flags Compliant?
Retail Stores Carrying Credit
Banks & Credit Unions
Auto Dealers
Equities Brokerage
Telecommunications
Debt Collectors
Credit/Debit Card Issuers
Mortgage Lenders
Check Cashers
Utility Companies
Hospitals
Health Care Companies
Insurance
Foreign Bank Branches
Businesses that do not comply with 2008 FACT Act "Red Flag Regulations" may be subject to fines and civil law suits for breaches of confidential information.

What's The Department Of Justice Doing About Identity Theft And Fraud?

The Department of Justice prosecutes cases of identity theft and fraud under a variety of federal statutes.In the fall of 1998, for example, Congress passed the Identity Theft and Assumption Deterrence Act . This legislation created a new offense of identity theft, which prohibits knowingly transfer[ring] or us[ing], without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law.
This offense, in most circumstances, carries a maximum term of 15 years' imprisonment, a fine, and criminal forfeiture of any personal property used or intended to be used to commit the offense.
Schemes to commit identity theft or fraud may also involve violations of other statutes such as identification fraud ,credit card fraud , computer fraud, mail fraud ,wire fraud ,or financial institution fraud.
Each of these federal offenses are felonies that carry substantial penalties in some cases, as high as 30 years' imprisonment, fines, and criminal forfeiture.

The Most Common Ways To Commit Identity Theft

As I mentioned in my previous posts ,many people do not realize how easily criminals can obtain our personal data without having to break into our homes. As my lecturer ,Dr. Bahama once told in class ,In public places, for example, criminals may engage in "shoulder surfing" watching you from a nearby location as you punch in your telephone calling card number or credit card number.
Even the area near your home or office may not be secure. Some criminals engage in "dumpster diving" going through your garbage cans to obtain copies of your checks, credit card or bank statements.These types of records make it easier for criminals to get control over accounts in your name and assume your identity.
Also, if your mail is delivered to a place where others have ready access to it, criminals may simply intercept and redirect your mail to another location.
With enough identifying information about an individual, a criminal can take over that individual's identity to conduct a wide range of crimes: for example, false applications for loans and credit cards, fraudulent withdrawals from bank accounts, fraudulent use of telephone calling cards, or obtaining other goods or privileges which the criminal might be denied if he were to use his real name. If the criminal takes steps to ensure that bills for the falsely obtained credit cards, or bank statements showing the unauthorized withdrawals, are sent to an address other than the victim's, the victim may not become aware of what is happing until the criminal has already inflicted substantial damage on the victim's assets, credit, and reputation.
so once again I aware you to be much more careful about your personal information.