Home Posts tagged "ID Fraud"
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Both Card Present and Card Not Present Fraud Grew in 2016

According to estimates from Javelin Strategy and Research, there was an 8 percent increase in U.S. consumers impacted by payment card fraud at the point-of-sale in 2016, while those victimized by card not present fraud grew at a much larger rate. Although the industry was bracing for an increase in CNP fraud with the rollout

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Increase in Mobile Fraud Outpaces Mobile Transaction Growth

According to a recent study from LexisNexis mobile commerce represents 14 percent of all transactions, but 21 percent of fraudulent transactions are attributed to the mobile channel. Meanwhile the value of fraud losses for mobile channel merchants quickly grew from 0.8 percent of revenue in 2013 to 1.36 percent of revenue in 2014. According to

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U.S. and Canadian Authorities Arrest Members of Identity Theft and Card Fraud Rings

Canada’s Regional Fraud Bureau along with Canadian police departments and the U.S. Secret Service carried out a raid on suspected identity fraud rings which resulted in five arrests, over 300 fraud-related charges as well as the confiscation of equipment used for making counterfeit cards and hundreds of thousands of dollars in counterfeit U.S. currency. Read

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