Every industry believes that what they can see is their entire problem.
What lies below the water line are clever organised crime rings who have infiltrated e-commerce to defraud users of Internet auction houses and securities firms. Everyone knows that if even one letter of your name is misspelled, you are going to appear to be two people to American Express and MCI when they send you solicitations. They know if they constantly change their names and every other identifier, no technology based on relational databases or neural nets can ever find them. Thus they quickly escalate their crimes and move on to other e-commerce sites. InfoGlide found these organised rings were participating in bid fraud, buyer fraud and seller fraud, the three major fraud schemes used in on line auction houses.