CNET reports a new approach to stopping fraud by blackballing PCs.
"First, when a users first registers and opens an account on a Web site that employs Iovation's service, the site inserts a bit of code on the new customer's machine.
So far this sounds like getting a virus or piece of spyware. Yay!
"If and when fraudulent activity occurs, the code loaded onto the machine during the registration process becomes a permanent black mark. Individuals can re-enter the network by getting a new PC, but being forced to buy (or steal) new hardware slows them down."
It isn't explicitly stated, but presumably this thing is supposed to work even if you reinstall the OS. Maybe it uses the MAC address of your Ethernet port to try to uniquely ID the PC? I wonder how that would work with Virtual PC, which, as I recall, allows you to create virtual NICs with any MAC address.
"Still, he speculated that the service could be marketed as a positive. When opening an account, a new user could specify the exact computers and exact credit cards he or she will use on that site. If a different PC tries to complete a transaction with one of the specified credit cards, the Web site can send questions to the prospective buyer that will help authenticate her."
"Marketed as a positive" -- dream on.
Posted by Mike at July 28, 2006 07:53 PM