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Payment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years

Sep 14, 20231 min read

Payment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years

Merchant eCommerce payment fraud losses on physical goods is forecasted to grow from $1 billion in 2023 to $5.1 billion in 2028 across...

CNP Fraud Losses Represent Nearly Three-Fourths of Total Card Payment Fraud Losses in the US

Justin McDonald

Jun 5, 20232 min read

CNP Fraud Losses Represent Nearly Three-Fourths of Total Card Payment Fraud Losses in the US

Card Not Present (CNP) payment fraud losses in the US are expected to increase to nearly $9.5 billion in 2023, according to eMarketer....

Nearly Two-Thirds of US Cardholders Have Been Victims of Card Fraud

Justin McDonald

May 31, 20232 min read

Nearly Two-Thirds of US Cardholders Have Been Victims of Card Fraud

The share of US cardholders who have seen fraudulent charges on their credit or debit cards increased to 65 percent in 2022, up from 58...

Just 40% of Consumers Have NOT Attempted Some Form of Promo Abuse in the Past Year

Justin McDonald

Nov 9, 20222 min read

Just 40% of Consumers Have NOT Attempted Some Form of Promo Abuse in the Past Year

More than 30 percent of consumers admitted to abusing referral programs by referring themselves using a new email address to obtain a...

Justin McDonald

Jul 25, 20222 min read

Synthetic Identity and New Account Fraud Among the Most Rapidly Growing Types of Attacks

New account fraud attacks increased 109 percent in the US according to Javelin Strategy’s most recent identity fraud study. Meanwhile,...

Visa to Increase Interchange Fees for CNP Transactions this April

Fraud Practice

Nov 5, 20213 min read

Visa to Increase Interchange Fees for CNP Transactions this April

After leaving interchange rates mostly unchanged for the past decade, Visa sent a letter to partner banks outlining the coming changes to...

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Fraud Practice

Nov 5, 20212 min read

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Card Not Present channel Merchants cite order rejection rates of nearly 3 percent for domestic transactions and nearly 7 percent for...

Thanksgiving, Black Friday and Cyber Monday all Set New Record Highs

Fraud Practice

Nov 5, 20212 min read

Thanksgiving, Black Friday and Cyber Monday all Set New Record Highs

Desktop and mobile eCommerce sales reached a combined $14.5 billion across Thanksgiving, Black Friday and Cyber Monday, while CNP channel...

Register for Online Training Programs Before October Price Adjustments

Fraud Practice

Nov 3, 20212 min read

On October 1st The Fraud Practice will be increasing the enrollment prices of our online training programs across the board. If there are...

David Montague

Sep 17, 20211 min read

WELCOME TO NEWS & EVENTS

Welcome to The Fraud Practice’s FraudBlog; your source for updates on current events, commentary and best practices related to the...

Is Model-Based Fraud Scoring right for your business:

David Montague

Sep 17, 20213 min read

Is Model-Based Fraud Scoring right for your business:

Model-Based Fraud Scoring is a technique used by merchants to predetermine the level of risk involved with an order in a card-not-present...

Should Legacy Rules-Based Systems be Ruled Out as New Marketplaces Emerge?

David Montague

Sep 17, 20212 min read

Should Legacy Rules-Based Systems be Ruled Out as New Marketplaces Emerge?

The accelerations in eCommerce Delivery, Marketplaces and the gig economy have companies scrambling to make better decisions, faster. ...

The Rise of Machine Learning and AI in the Fraud Prevention Industry

David Montague

Sep 17, 20212 min read

The Rise of Machine Learning and AI in the Fraud Prevention Industry

13% of organizations today have adapted Machine Learning and AI into their fraud detection protocols. Another 25% of organizations plan...

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