Home Posts tagged "mobile fraud"
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eCommerce and Mobile Banking Fraud Lead 2016 Fraud Increase in the UK

Financial Fraud Action (FFA) UK, a financial services industry research and reporting group, recently released their 2016 year-end payment card and banking fraud totals which showed an increase in card fraud overall, primarily led by card not present channel fraud. Changing trends include an increase in fraud attempts but targeting lower order amounts compared to

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Meet with The Fraud Practice at the Upcoming CNP Expo in Orlando, Florida

If you are attending the CNP Expo May 18-21 then be sure to see The Fraud Practice at booth number 418 in the Exhibit Hall. For those who would like to find out more about our online training certification programs, we will be giving out free copies of David Montague’s Essentials of Online Payment Security

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The Mobile Payments & Fraud Survey: 2015 Report is Available Now

The Fraud Practice, Kount and CardNotPresent.com have once again teamed up to bring you the third annual Mobile Payments & Fraud Survey. The 2015 Survey Report is now available and David Montague, Founder of The Fraud Practice, will discuss key findings along with Rich Stuppy, COO of Kount, and Steve Casco, CEO of CardNotPresent.com, during

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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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More and More Mobile Malware

Malware targeting mobile devices has increased for the fifth consecutive quarter and has increased 167 percent from Q1 2013 to Q1 2014, according to the latest McAfee Labs Threats Report. Merchants aren’t the only ones putting more emphasis and importance on the mobile channel, fraudsters are as well. This is evidenced by the growth of

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Fraud Patterns and Statistics from this Black Friday and Cyber Monday

While eCommerce and mobile payment volumes hit record levels on Black Friday and Cyber Monday, the fraudsters were seizing the opportunity to attack. This included increased fraud attempts from mobile devices and higher average order values for fraudulent purchase attempts. Read More

 
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SMiShing Scams Target U.S. Area Codes Utilizing Location-Specific Information

Phishing scams carried out via SMS text messages, known as SMiShing, continue to grow and target mobile users in the United States. Cloudmark, a messaging security software provider, recently cataloged the top 25 U.S. area codes that receive the most SMS spam and detailed various SMiShing scams targeting different regions. Read More

 
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Press Release: Mobile Survey 2012 Reveals Different Developments and Perspectives Related to Mobile Payments and Fraud

The mobile channel is booming and reaching a tipping point. Mobile online commerce has enjoyed triple digit growth rates for consecutive years while mobile wallets are gaining traction for payments at the point-of-sale. On December 9, 2012 eBay recorded their largest mobile shopping day ever as eBay purchases made via mobile devices grew 133 percent

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Global Growth Expected in Mobile Commerce and Mobile Fraud

A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce transactions continue to grow as well. Meanwhile several industry and investment analysts are predicting strong years for companies well positioned in the mobile payments market, along with large growth for mobile payments in general. Read More

 
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