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> The second near-failure of UB occurred when the site was riddled by extensive credit-card fraud during its first year or so of operations. That led parent com
by CPLX 4y ago
> The second near-failure of UB occurred when the site was riddled by extensive credit-card fraud during its first year or so of operations. That led parent company ieLogic to develop an antifraud software suite called ieSnare that was so effective that the company was able to license it to other online concerns.
That’s a pretty interesting little side story.
- RL_Quine 4y agoFeels sort of nonsensical honestly. Credit card anti fraud is entirely reactionary, there’s no magic bullet, you’re just papering over the cracks of an absolutely broken payment system. Every service will see different fraud, it will always be changing, there’s no one fits all solution. Very frequently the “rules” of the systems aren’t solid and everybody trying to exploit them knows that.
- CPLX 4y agoIt piqued my interest enough to google it and it seems like it’s actually a notable thing in the online betting world and is indeed fairly sophisticated and purpose-built. One example blog post: https://csgobetting.com/iesnare-how-youre-being-made-paranoid-how-to-get-on/ https://csgobetting.com/iesnare-how-youre-being-made-paranoi...