Does verifying the customer's IP address help detect triangulation fraud?

Asked a year ago

I have my own Shopify store and want to protect my customers from fraud as far as possible. One thing that I want to be able to detect as early as possible is triangulation fraud where fraudsters use stolen personal information for purchases in other stores. It's my hope that if I can verify IP addresses I can prevent the fraud.

Ip address

Triangulation fraud

Shopify fraud

Coupon fraud

Ben Frederick

Friday, August 12, 2022

Yes, verifying the customer's IP address help detect and prevent triangulation fraud to some extent. A triangulation fraudster will have a reasonable distance between the delivery and IP address locations. It is a clear indication of triangulation fraud that tempts the seller to take preventive measures accordingly.