Podcast
Questions and Answers
Which of the following is an example of real-time feature for detecting merchant account takeover fraud?
Which of the following is an example of real-time feature for detecting merchant account takeover fraud?
- Historical record of account setting changes
- Immediate transaction details (value, location, type of goods or services) (correct)
- Historical transaction patterns
- Changes in the frequency of transactions
What type of behavior is typically associated with batch features for merchant account takeover fraud detection?
What type of behavior is typically associated with batch features for merchant account takeover fraud detection?
- Unusual IP addresses or devices accessing the account
- Sudden increase in transaction frequency
- Historical transaction patterns (correct)
- Sudden increase in refunds or chargebacks
Which feature is more likely to be considered as a real-time feature for detecting merchant account takeover fraud?
Which feature is more likely to be considered as a real-time feature for detecting merchant account takeover fraud?
- Frequent changes in account settings or details
- Unusual IP addresses or devices accessing the account
- Changes in the geographical location of transactions
- Immediate transaction details (value, location, type of goods or services) (correct)
What is an example of non-transactional behavior that might indicate merchant account takeover fraud?
What is an example of non-transactional behavior that might indicate merchant account takeover fraud?
Study Notes
Merchant Account Takeover Fraud Detection
- IP address geolocation mismatch is an example of a real-time feature for detecting merchant account takeover fraud
- Batch features for merchant account takeover fraud detection are typically associated with periodic behavior, such as daily or weekly login trends
- A feature that tracks sudden changes in login locations or devices is more likely to be considered a real-time feature for detecting merchant account takeover fraud
- An example of non-transactional behavior that might indicate merchant account takeover fraud is a merchant accessing their account from a new device or location
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Description
Test your knowledge of the features of merchant account takeover, including transactional and non-transactional behaviors such as unusual transaction patterns, changes in account settings, and multiple failed login attempts.
