41st Parameter Presenting at Private Label Round Table Conference on Combating Fraud

SCOTTSDALE, Ariz., Nov. 4 /PRNewswire/ -- 41st Parameter® today announced Eli Katz, Senior Vice President of Enterprise Strategies for Financial Services, will present to an exclusive audience of Chief Risk Officers, senior credit and fraud risk managers for store cards at this week's private label round table conference. This by-invitation-only event comprises the top issuers in the US private label credit card industry representing 90% of the $110 Billion store card (private label) industry.

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Mr. Katz will discuss current trends in online fraud, especially emerging threats from fraud rings and bust-out fraud 41st Parameter has detected and observed from its unique vantage point of scoring risk for leading financial institutions, e-commerce retailers and airline companies. He will also review tools and technologies for combating fraud, including effective use of device intelligence and cross-institutional link analysis. Bust-out Fraud, also known as sleeper fraud, occurs when a fraudster applies for and uses credit, with the intent of maxing out all available credit and eventually disappearing.

Details:

• PLRT Conference
• Eli Katz, SVP, Emerging Technologies, 41st Parameter
• Combating Fraud: Trends in Bust-out and other fraud
• November 5, 2009 at 1:00 p.m.
• Intercontinental Stephen F Austin Hotel, Austin, TX
  

A copy of 41st Parameter's award winning Know Your Enemy whitepaper, the basis for this presentation, may be requested from the company's website at http://www.the41.com/land/FraudRings.asp.

About Eli Katz
Mr. Katz is the Senior Vice President of Enterprise Strategies for Financial Services at 41st Parameter. He is responsible for developing risk management strategies for protecting Financial Services' Internet Estate. In his current role at 41st Parameter, he works with many of the top global banks helping them define comprehensive strategies for preventing fraud. Mr. Katz participates in the FSTC Fraud Collaboration Group and is a featured speaker at several industry events.

About 41st Parameter
41st Parameter provides solutions for detecting and preventing fraud across multiple channels for the world's most valued and recognizable brands. Leading financial institutions, travel services businesses, and e-commerce companies rely on 41st Parameter's technology to protect them from cybercrime threats including card not present fraud, new account origination fraud, phishing and account compromise, credit bust outs, and fraud ring attacks. Founded in 2004, 41st Parameter makes the process of detecting and preventing fraud easier and more effective, reducing both expenses and potential losses. As a leading web fraud detection innovator the company supplies industry-proven solutions which integrate advanced device identification with comprehensive risk management capabilities. To learn more about 41st Parameter, visit www.the41st.com

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    Contact(s):
    Dave Yohe                                 Tim Whitman or Tara Mulloy
    Corporate Marketing                       PR for 41st Parameter
    41st Parameter                            Schwartz Communications
    Tel: 480.776.5518                         Tel: (781) 684-0770
    dyohe@the41st.com                         41st@schwartz-pr.com