Home 2012 February
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Social Network Users Becoming More Conscious About What Information They Share

Over the last five years the influence of social media has created new threats and problems with respect to authenticating identity information online. Recent surveys have had mixed results showing that some consumer groups share too much information online, although people are making strides to protect their personal information as well. Read More

 
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IRS Addresses Growing Problem of Identity Theft Tax Fraud

The Internal Revenue Service (IRS) estimates that over 400,000 people were victimized by identity fraud related to stealing tax refunds from mid-2009 through 2011. Although the IRS has made great strides in recognizing and stopping fraudulent returns, the popularity of electronic tax filing has led to more identity theft tax fraud attempts. Read More

 
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Increases in Data Breaches and Smartphones Correlated with Increase in Identity Fraud

A recent survey and report from Javelin Strategy & Research found that the number of Americans who fell victim to identity fraud increased by 13 percent from 2010 to 2011 with the large number of data breaches and growth in smartphone users being cited as some of the underlying causes. Read More

 
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Press Release: Top 10 Reasons Why The Fraud Practice Recommends Increased Attention on Mobile Purchases and Payments within a Fraud Strategy

M-commerce presents large scale opportunity to engage and transact more efficiently between consumers and merchants, making it easier, faster and potentially more economical to conduct business across all channels. However, merchants should be aware that M-commerce is very new and the devices and behaviors consumers are using to conduct M-commerce are not fully hardened or

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Facebook Moves to Monetize Mobile App

Facebook recently formed an agreement with Bango, a mobile payments company based in the UK, to enable purchases directly from the Facebook mobile app or mobile website. Read More

 
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EU & US to Approve Google’s Acquisition of Motorola Mobility

Google first announced their plans to acquire the mobile device maker Motorola Mobility in August 2011, and after several months of regulators considering antitrust concerns it is expected that the acquisition will be approved by both US and EU authorities. Read More

 
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Will Microsoft Make a Mobile Wallet of Their Own?

A patent filed by Microsoft was recently released by the U.S. Patent and Trademark Office detailing a mobile wallet and payment service. Read More

 
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Visa Predicts Half of their Payments in Europe Will be Made via Mobile by 2020

Visa is confident in the future of mobile payments as they are planning to showcase mobile contactless payments at the 2012 Olympic Games in London and they are predicting that half of all Visa Europe payments will be made via a mobile device by 2020. Read More

 
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Windows Phone 8, iPhone 5 Likely to Support NFC

Today only a small selection of mobile devices running the Android operating system are capable of conducting NFC mobile wallet payments, however, rumors have been circulating for months that Apple’s iPhone 5 will include Near Field Communication technology. More recently, and thanks to a leaked video, it has been confirmed that the Windows Phone 8

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© The Fraud Practice LLC 2012