Fraud prevention technology provider Kount released a new report on fraud and mobile transactions, the first in a series of reports aimed at providing a greater understanding of fraud trends and steps companies can take to lower fraud risks.

Among the insights in the first report, entitled "Kount Fraud Insight: Mobile Transactions and Fraud," is that the type of mobile device being used for a mobile transaction is predictive of fraud rates.

"Assessing the risk of a specific device is one of many components to consider as part of a company's overall risk assessment to optimize its fraud management system and improve the bottom line," said Kount COO Steve Rouse.

One trend Kount discovered is that the approval rate for iPads is among the worst while the fraud rate is fairly minimal and the average transactions are the highest compared to other mobile devices, Rouse said.

Rouse explained that combining a fully integrated fraud detection system with expert resources can refine a fraud system to minimize inconsistencies so companies can sell more to more people in more places with less risk.

Kount said it's able to deliver insights on current fraudulent behavior and evolving trends based on the hundreds of millions of transactions it has reviewed. The data used for Kount's latest report includes transactions reviewed from January 2010 to January 2012.

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