41st Parameter says it is "forecasting increased mobile channel cybercrime and decreased effectiveness of traditional anti-fraud tactics, attributed to the rapid adoption of new mobile handsets and multiple operating systems. According to a November 2009 consumer study of U.S. mobile phone users, 18.9 percent of mobile consumers now use a smartphone, and an additional 49.2 percent plan to purchase an advanced mobile device within the next two years. Last week, Gartner reported smartphone sales in 3Q09 grew 12.8% year over year, reaching 41.1 million units." READ MORE

Fraud detection tools and payment fraud losses are top of mind according to a recent webinar and poll of airline fraud investigators. The survey results, released by 41st Parameter report insufficient rules and defense mechanisms in place at most airlines. The results forecast the continued emergence of new reservation booking vehicles and a shift in the payment landscape. READ MORE

41st Parameter has announced that US Airways has selected FraudNet to detect and prevent Card Not Present (CNP) fraud across multiple reservation channels including online, kiosk and phone. READ MORE

41st Parameter has announced the availability of FraudNet 3.0, allowing fraud investigators to be more effective through multiple dynamic fraud investigation tools and hundreds of risk engine rules in one place, including time sensitive fraud alerts. Coupled with 41st Parameters' tagless PCPrint Device ID technology, FraudNet helps companies quickly and efficiently identify fraud and fraud rings across multiple channels, reduce fraud losses and chargebacks and improve productivity. READ MORE

41st Parameter has announced that it has been selected by Continental Airlines "to help detect and prevent Card-Not-Present (CNP) fraud in its online sales channels. The airline will employ 41st Parameter’s FraudNet to help it identify legitimate versus suspect website transactions on a global basis, as well as to prevent fraudulent account access, enabling the airline to protect sensitive customer data." READ MORE

The 41st Parameter has announced that GSI Commerce has selected its proprietary FraudNet solution to identify client devices online to detect and prevent Internet fraud. According to the companies, "GSI, which operates eCommerce businesses for about 60 partners in 11 retail merchandise categories, uses FraudNet to identify suspect versus legitimate online devices and transactions to help prevent criminals from completing fraudulent purchases."

The 41st Parameter has announced it has identified an e-commerce fraud scheme in which fraudsters are coordinating their attacks against e-commerce merchants by using personal, digital and financial data that all appear legitimate to typical detection systems.

The 41st Parameter has announced that it has secured $11.2 million in Series B funding led by investor Kleiner Perkins Caufield & Byers with additional capital from Series A lead investor Norwest Venture Partners.