According to recent data from Experian, eCommerce fraud was 15 percent higher in the first half of 2016 compared the same period the year before, but for the full-year eCommerce fraud attack rates increased to 33 percent. This implies an even greater increase in CNP fraud in the second half of the year, and it
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The latest figures on card fraud losses in the United Kingdom, coming from industry group Financial Fraud Action UK, support the expectations of most industry experts that when EMV rolls out in the United States it will have a positive impact on deterring counterfeit cards and fraud at the point-of-sale, but lead to more fraud
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While there have been many successful efforts to bring international fraudsters to justice in U.S. courts, this often requires cooperation from other nations. To make prosecution efforts easier against international fraudsters the U.S. Department of Justice is asking Congress for help, requesting amendments to existing law so that it is illegal to possess, use, buy
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According to estimates from fraud prevention startup Trustev, there are 250 million compromised payment card numbers for sale in the online black market. The ease with which fraudsters can obtain this information emphasizes the importance of being able to effectively authenticate and verify identity information provided online. Trustev, an Ireland based startup and fraud prevention
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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
On October 1st The Fraud Practice will be increasing the enrollment prices of our online training programs across the board. If there are courses or Career Tracks that you’ve been considering for yourself or for staff, register by the end of September to enjoy the current low prices. Read More
