Tucows and Ethoca will stop global fraud

Tucows made partnership with Ethoca-powered Global Fraud-Fighting community. Tucows is considered a global provider of domain names, email and other Internet services and its membership will contribute a lot to the global online fraud combating. 

Tucows is rather experienced in that area because it interacts with over 9,000 web hosting companies and Internet service providers. It is able to manage over 8 million domain names and millions of email boxes. 

While conducting millions of transaction annually it has an opportunity to verify and authenticate good orders and sift out the bad ones. And partnership with Ethoca will improve existing fraud management tools and the ability to identify bad orders. 

Tucows-Ethoca cooperation is right in time solution against growing online fraud. Ethoca also has working experience with forward-thinking businesses, individuals and law enforcement. And its Global Fraud-Fighting Community makes e-commerce safer and more profitable. 

Recent online fraud facts show that in order to be more successful in combating fraud, companies must collaborate across and within industries by securely sharing order experiences. 
It is noted that nearly 98 percent of online transaction are legitimate. However, most fraud management solutions focus on the fraudulent 2 percent. And for keeping this fraud rate low, companies refer more than 27 percent of transactions for manual review. Even after that most online businesses observe online fraud activity. 

And if take into account the fact that most fraud tools, attempt to sort orders based on predictive scoring algorithms, evaluating other risk factors or simply guess, the cooperation of Ethoca and Tucows is promised to be a real solution aiming to improve online security services.