Why Device Age Matters: Retaining Device History Can Reduce Fraud Losses

You may have heard that storing device data for more than a few months has no value because fraudsters frequently switch devices, but our data shows otherwise. In fact, over a typical three month period, iovation saw that 42% of the transactions processed involved a device that was over six months old.

In this report, you’ll learn:

• How device reputation can enable you to make smarter and safer decisions about which transactions to allow, which to scrutinize, and which to deny
• That fraudsters continue to use devices sometimes years after the first case of fraud is reported
• Why retaining device history for more than six months can save you millions in fraud losses