Three Rules for Effective Payment Fraud Prevention
This article discusses three key rules at the core of effective payment fraud prevention strategies.
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Justin McDonald
Aug 8, 20231 min read
Merchant eCommerce Payment Fraud Losses Expected to Exceed $90 Billion Annually by 2028
Forecast says eCommerce merchant payment fraud losses will exceed $362 billion globally during the five year period ending in 2028.
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....
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...
Justin McDonald
Nov 16, 20226 min read
Account Takeover: Fighting Fraud with Dynamic Friction
Organizations can apply a layered strategy approach to ATO risk, just as they do with transaction risk.
Justin McDonald
Nov 15, 20222 min read
Nearly Two-Thirds of ATO Attacks Use Advanced Bots to Mimic Human Behavior
Over 22 percent of all login attempts on retail websites were malicious, which is nearly twice the rate of malicious login attempts...
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
Aug 17, 20227 min read
3 Strategies to Stop Identity Fraud Before it Hurts Your Bottomline
In this feature article, we cover three strategies for stopping synthetic identity fraud.
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,...
Justin McDonald
May 24, 20225 min read
Account Takeover and Alternative Payments: Understanding the Impact of the Fraud Economy
May 24, 2022 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud Practice Does your organization have a 360° view on the...
Justin McDonald
May 24, 20222 min read
The Large and Growing Threat of Account Takeover
Account Takeover (ATO) represented one-in-four identity fraud losses in 2021 growing 90 percent year-over-year to an $11.4 billion dollar...
Fraud Practice
Nov 5, 20212 min read
Fraud This Holiday Season Could be Even More Difficult to Detect as Fraud Rings Expand Mule Networks
Fraudsters use money mules for laundering as well as to receive and reship goods purchased with stolen identities. A large mule network...
Fraud Practice
Nov 5, 20212 min read
Number of Disclosed Data Breaches Down 50% but Exposed Records Up 400% in First Half of 2020
While there are some questions around the number of data breaches thus far, 2020 is shaping up to be a record year in terms of number of...
Fraud Practice
Nov 5, 20212 min read
Keeping Up with the New Normal in eCommerce, Fraud and Payments
A common theme throughout 2020 has been the acceleration of digital adoption across both businesses and consumers. We take a look at the...
Fraud Practice
Nov 5, 20212 min read
Processors Prepare for Increasing Merchant Chargeback Losses and Look to Increase Reserves
A FinTech lawyer reported that as many as one-fifth of his merchant clients have been contacted by their payment processors about the...
Fraud Practice
Nov 5, 20214 min read
Who Is Looking Out For eCommerce Merchants?
Guest Post Written by: Daryn Griggs, Co-Founder, Payshield, Certified eCommerce Fraud Professional Who Is Looking Out For eCommerce...
Fraud Practice
Nov 5, 20212 min read
LexisNexis Makes Two Major Risk & Identity Acquisitions in First Two Months of 2020
LexisNexis prepares to fund two acquisitions totaling $855 million as parent company RELX looks to buy two major names in the identity...
Fraud Practice
Nov 5, 20211 min read
Cyber Weekend Fraud Declines See 30% Increase Year-Over-Year and 50% Increase Relative Rest of Year
The number of order attempts declined for suspected fraud increased by nearly 30 percent year-over-year for orders between Thanksgiving...
Fraud Practice
Nov 5, 20212 min read
Winners and Losers in the Largest US Online Holiday Shopping Season Yet
Mobile and eCommerce shopping hit new highs this holiday season as Cyber Monday yet again beat its own record as the largest online...
Fraud Practice
Nov 5, 20212 min read
Federal Reserve to Launch Real-Time Payments System called FedNow by 2024
The U.S. Central Bank will embark on its biggest investment in payments since becoming an ACH operator more than forty years ago. FedNow...
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