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Occurrences of fraud are increasing in number and intelligence,
as shown by several recent surveys. Fraud is defined as actions
performed with an intention to damage people, organizations or communities
with respect to money, goods, or services. For instance, credit
card fraud, auctioning fraud, identity theft, Nigerian scams, pyramid
job scams, money laundering, and tax evasion, are all examples of
fraud. Traditional fraud is being "translated'' into electronic
fraud because the latter is potentially much more effective. New
fraud techniques are emerging constantly. What's more, electronic
fraud attacks are becomng easier to be performed as well as copied
and modified by other fraudsters.
Unfortunately, countermeasures lag far behind potential attacks.
As an result, electronic and mobile fraud is increasing continuously.
The number of incidents — and the damage they have caused —
can be expected to increase in the future.
This development has already begun to hamper the willingness of
people and organizations to offer their business online, or to participate
in such business transactions. Incidents reveal the vulnerability
of current technology and how it adversely affects people's trust
in that technology. Protection against fraud — or at least
the ability to detect it — is required in order to reduce the
damage to any victims involved, especially IBM's current and new
customers as well as their clients.
The aim of our E&M (electronic and mobile) Fraud project is to
contribute to fraud detection and prevention. Our approach is to
study past and current electronic and non-electronic fraud as well
as current and upcoming technology to identify current and future
potential for fraud, and to develop appropriate countermeasures.
Our work is based on the thorough knowledge and expertise in intrusion
detection of the GSAL group.
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