Home Posts tagged "identity fraud"
formats

Cyber Weekend Fraud Declines See 30% Increase Year-Over-Year and 50% Increase Relative to Rest of Year

The number of order attempts declined for suspected fraud increased by nearly 30 percent year-over-year for orders between Thanksgiving and Cyber Monday, according to data from iovation, that also found a fraud decline rate 50 percent higher than the yearly average (15 percent vs. 10 percent). Likewise, a cyber security firm found a 63 percent

(More)…

 
Comments Off on Cyber Weekend Fraud Declines See 30% Increase Year-Over-Year and 50% Increase Relative to Rest of Year.
formats

Massive Wawa Data Breach Puts Unknown Number of Cards in Hands of Fraudsters

Wawa announced a large-scale malware compromise breaching payment cards processed at the pump or inside between March 4 and December 12, 2019, also admitting that the company “does not have sufficient information to determine” how many payment cards were exposed. The gas station and convenience store has more than 850 locations along the east coast

(More)…

 
Comments Off on Massive Wawa Data Breach Puts Unknown Number of Cards in Hands of Fraudsters.
Comments Off on Nearly Four Thousand Data Breaches, Four Billion Records Compromised in First Half of 2019.
formats

Secure Consumer Authentication (SCA) Required for Intra-European eCommerce Beginning September

To maintain compliance with the European Union’s Second Payment Services Directive (PSD2), merchants in Europe will have to perform Secure Consumer Authentication on most non-recurring transactions greater than €30 within the European Economic Area (EAA) starting September 14th. Secure Consumer Authentication, or SCA, refers to consumer authentication services with two factor authentication facilitated by a

(More)…

 
Comments Off on Secure Consumer Authentication (SCA) Required for Intra-European eCommerce Beginning September.
formats

Mortgage Application Fraud Increases in First Quarter of 2019 as Fraudsters Become More Sophisticated in How They Fudge Their Income

The National Mortgage Application Fraud Risk Index maintained by CoreLogic found a six percent increase in mortgage fraud risk in the first three months of 2019 relative to the first quarter of 2018. Applicants lying about their income have been increasingly more difficult to detect in recent years, employing tactics such as lying about employment

(More)…

 
Comments Off on Mortgage Application Fraud Increases in First Quarter of 2019 as Fraudsters Become More Sophisticated in How They Fudge Their Income.
Comments Off on Application Fraud Cost US Financial Institutions over $2.2 Billion in 2018.
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.
formats

Nearly 450 Million Consumer Records with PII Exposed in 2018

According to the Identity Theft Resource Center, who just released their 2018 End-of-Year Data Breach Report, the number of data breaches fell by nearly 25 percent compared to 2017, but the number of compromised records containing personally identifiable information (PII) more than doubled to 446.5 million. Although the total number of data breaches declined in

(More)…

 
Comments Off on Nearly 450 Million Consumer Records with PII Exposed in 2018.
formats

Consumers More Concerned with Fraud than Overspending During Holiday Season

A recent survey from CaptialOne found that 26 percent of consumers believe Cyber Monday is the riskiest day of the year to shop online while 85 percent of US consumers believe the risk of identity fraud is elevated during the holidays. Financial fraud was the top concern amongst Americans, surpassing consumers who were most concerned

(More)…

 
Comments Off on Consumers More Concerned with Fraud than Overspending During Holiday Season.
© The Fraud Practice LLC 2012