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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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Post-EMV eCommerce Fraud Growth Abetted by Data Breaches

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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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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The Holiday Season is Also Fraud Season

It’s no secret that fraudsters increase their activity and fraud attempts during the holiday season when many merchants are at peak volume, but considering other fraud factors ACI Worldwide predicts a more than 40 percent increase in fraud this holiday season.  Meanwhile the FBI warns of fraudulent merchants, mobile apps with malware and work from

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Outsourcing Manual Review Doesn’t Have to be an All-or-Nothing Decision

Many merchants struggle to fully handle risk management and manual reviews in-house, especially with changes in volume and fraud patterns. While many organizations are aware there are third party vendor manual review services available in the market, fewer merchants are aware that when it comes to outsourcing manual review it doesn’t have to be an

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Javelin Finds Number of U.S. Identity Fraud Victims Increased by 1 Million in 2012

According to a recent study by Javelin Strategy & Research, the number of identity fraud victims in the United States increased by more than 1 million from 2011 to 2012 while the total dollar amount stolen grew by nearly $3 million. Read More

 
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