Whether making fraudulent purchases to accrue loyalty points and rewards, or taking over legitimate customer accounts to steal and spend the loyalty balances they’ve built up, loyalty fraud is damaging with both financial and brand risks. Despite the growth of loyalty-based fraud in recent years, this is still a vulnerability point for many organizations that
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Citing the Computer Fraud and Abuse Act (CFAA) and Digital Millennium Copyright Act, the professional social network filed suit against 100 individuals for the use of bots that intentionally violate their terms of service and, as LinkedIn claims, multiple state and federal laws. The publicly available court filing document includes some information about how the
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A recent study cataloging prices across English- and Russian-language fraudster forums examined 320 purchases for stolen payment, identity and log-in information earning hackers between $1 million and $2 million, while the fraudsters using this information from less than half of these transactions were able to steal between $1.7 million and $3.4 million. These estimates
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Already an eCommerce, as well as brick-and-mortar, giant, Wal-Mart upped the ante on their digital commerce bet acquiring an online retailer that focuses on an optimal user experience and offers a different customer base. Many analysts say the Jet.com acquisition was geared at competing with Amazon, although it may just be part of a long-term
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