Home Archive for category "Fraud Prevention"
Comments Off on One-in-Five Phishing Emails are Sent from Compromised Email Accounts.
Comments Off on Google Encourages Increased Consumer Security with Free Phishing Quiz.
Comments Off on InfoSec Professionals Report Increase in Phishing and Incidences Leading to Compromised Accounts.
formats

Using Compelling Evidence to Combat Chargebacks for Your Business

Guest Post & Case Study by: J. Carlson, Certified eCommerce Fraud Professional Chargebacks involve quite a few stringent processes and complex procedures. Making sure you provide adequate information when challenging a chargeback dispute is key. One thing that you can do is provide compelling evidence in those cases where the cardholder has claimed Fraud – Card

(More)…

 
Comments Off on Using Compelling Evidence to Combat Chargebacks for Your Business.
formats

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Card Not Present channel Merchants cite order rejection rates of nearly 3 percent for domestic transactions and nearly 7 percent for international orders. Meanwhile more than half of merchants depend on AVS and CVV checks, considering them to be effective fraud tools. While most merchants measure fraud rates and order rejection rates, far fewer take

(More)…

 
Comments Off on Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion.
formats

PayPal Completes $120 Million Acquisition of Simility

PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility for $120 million. PayPal COO Bill Ready says each of these five recent acquisitions are part of the company’s effort to strengthen the services they provide to merchants. Simility was founded in 2014, they are based

(More)…

 
Comments Off on PayPal Completes $120 Million Acquisition of Simility.
formats

Couple Serving 5 Years for $1.2 Million in Friendly Fraud

An Indiana couple made over 2,700 purchases from Amazon over the period of a few years, creating new accounts and morphing their identities to continually report goods as damaged or never having arrived. The professional fraudsters stole more than $1.2 million in electronics, but now each face more than five years behind bars. Erin and

(More)…

 
Comments Off on Couple Serving 5 Years for $1.2 Million in Friendly Fraud.
formats

How WireCash Manages Fraud and Found Success Underwriting Digital Money Transfers to High Risk Markets

How well would your fraud management program perform if your organization depended on it for doing business with customers from countries like Ukraine and Nigeria? Now what if we said your business was facilitating money remittances to these countries? WireCash is doing just that, and we sought to uncover how this could be possible by

(More)…

 
Comments Off on How WireCash Manages Fraud and Found Success Underwriting Digital Money Transfers to High Risk Markets.
formats

NYPD Trials New Skimming Detection Device “Skim Reaper”

A computer science professor and two graduate students invented a device used to check ATMs and card readers to detect the presence of a skimming device. Dubbed the Skim Reaper, the New York Police Department has been using a handful of these devices since February to combat card skimming. Card skimming at ATMs, gas pumps

(More)…

 
Comments Off on NYPD Trials New Skimming Detection Device “Skim Reaper”.
Comments Off on 124 Data Breaches Were Announced in the First Two Months of 2018 Following a Record-Setting 2017.
© The Fraud Practice LLC 2012