iovation assisted in busting a fraud ring that victimized at least 15 people and resulted in tens of thousands of dollars in fraudulent charges. The fraud ring was identified by the Kirkland, Washington police department thanks to the device association capability of iovation’s ReputationManager 360 online fraud prevention solution.
The case originally began in January 2011 with a report of $5,000 in fraudulent charges via credit card at a large electronics store and two department stores. A Kirkland Detective with the credit issuer, who used iovation’s ReputationManager 360 to track fraudulent credit applications to one specific computer. But that was just the tip of the iceberg. ReputationManager 360 was then able to associate this same device with a second identity theft fraud victim. In fact, using a combination of multiple device-to-account associations, ReputationManager 360 helped identify more than a dozen additional victims.
The Kirkland detective used this information, surveillance videos and other offline detective work to identify the primary suspect as a male working out of various hotel rooms in concert with others. The suspect used stolen residential mail to apply for online credit and to manufacture fraudulent identification cards.