KOUNT BLOG - Nov 21 - Back in 2013, University of Texas researchers tricked the navigation system of an $80M yacht and sent the ship off course in an experiment that showed how any device with civilian GPS technology is vulnerable to a practice called "GPS spoofing". Fraudsters saw this technology as an opportunity. These days tech savvy users are finding ways to use spoofing apps. On Facebook, spoofing makes it possible to check in at places without being there. Tinder paid feature lets members change their GPS location to increase the probability of a match outside their actual location. So how does spoofing relate to eCommerce fraud? Ghana, Nigeria and Vietnam are countries on the high-risk lists for most fraud screeners. With GPS spoofing software, a fraudster anywhere in the world can place online orders using the stolen identity of an unsuspecting cardholder residing in Ashtabula, Ohio. Sadly, it's becoming easier by the day to spoof the location of a mobile phone. Kount's product suite includes protections against the growing GPS spoofing threat.
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Summarized by the Courtland Brooks team
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