July 27, 2006, 12:00 AM

Taking a byte out of crime

The Merchant Risk Council`s latest member survey on how they`re fighting online fraud.

Cops know that one of the best ways to thwart criminals is for victims to pool their experiences. That not only consolidates resources so crime-fighters have more fraud-busting techniques at hand, but it also helps crime-fighters and victims identify patterns of criminal behavior that might prevent future crimes. The Merchant Risk Council, a volunteer organization of online retailers and payments processors, periodically surveys members to see what’s happening on the fraud front. The group’s annual report has some interesting data about how retailers are preventing fraud-and the results they’re achieving. Here are a few stats from “Merchant Risk Council Fifth Annual Survey.”

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