Positive Economic Signs for eCommerce
Ecommerce growth stagnated during the recession but was able to finish 2010 with a strong holiday sales season. As the economy recovers...
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David Montague
Nov 1, 20211 min read
Only Use Your ATM PIN at the ATM or You’ll Pay the Price
Red Bank, Sept. 1, 2008 /The FraudBlog Newsletter/ - Every time I speak publicly, or when I tell people what I do for a living, I get...
David Montague
Nov 1, 20213 min read
PRESS RELEASE: WHEN THE FRAUDSTER IS SOMEONE YOU TRUST
Red Bank, Aug. 15, 2008 /The FraudBlog Newsletter/ - The number of articles related to internal fraud have been rising considerably over...
David Montague
Sep 29, 20215 min read
Who Will be Displaced by Amazon’s New Fraud Detection Service?
Fraud solution providers need to be prepared to competitively position and message against the new Amazon Fraud Detector risk modeling...
David Montague
Sep 29, 20212 min read
The Fed and FinCEN Propose to Lower Reporting Threshold on International Transfers to $250
The Financial Crimes Enforcement Network (FinCEN), along with the Board of Governors of the Federal Reserve, recently proposed new rules...
Justin McDonald
Sep 29, 20211 min read
Banco Santander to Acquire Wirecards’s Technology Assets
Following a series of accounting fraud scandals that resulted in the insolvency of German processor and payments provider Wirecard AG,...
Justin McDonald
Sep 29, 20211 min read
Featured Article: The Pandemic’s Influence on eCommerce
We were honored to contribute to this year’s Ecommerce Fraud Report from The Paypers with an article from Kevin J. Sprake, Managing...
David Montague
Sep 29, 20212 min read
Black Friday and Cyber Monday Online Sales Set Records but Fall Short of High Expectations
Cyber Monday once again set the record for the largest online shopping day in the United States as consumers spent more than $10.8...
Justin McDonald
Sep 28, 20212 min read
T-Mobile Data Breach Compromises Millions of Consumer Records, Including SSNs
T-Mobile is currently investigating the extent of a data breach before officially disclosing the number of customers impacted. This...
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...
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...
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. ...
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...
David Montague
Sep 17, 20212 min read
The Cost of Friction Versus Security with New SCA Mandates
In Europe, digital retail payments were to become more secure and less susceptible to fraud with the introduction of SCA. Yet a new...
David Montague
Sep 17, 20212 min read
Keeping a Close Eye on the SCA Regulations Influencing the Global Payments Industry
The EU has set the stage with its SCA (Strong Consumer Authentication) regulations designed to make digital payments more secure. The...
David Montague
Sep 17, 20211 min read
Equifax Acquires Kount for $650M Becoming Third Credit Bureau to Acquire a Device ID Provider
Equifax finalized a deal to purchase Kount for $650 million, following suit after TransUnion acquired iovation in 2018 and Experian...
David Montague
Sep 17, 20211 min read
Fraudsters Raised the bar in 2020 Increasing the Average Fraud Purchase Value to Over $700
The average order value during the Black Friday weekend was up 64 percent year-over-year, but during the entire months of October and...
David Montague
Sep 17, 20211 min read
eCommerce Growth Brought in by COVID-19 Brought Added Pressures to Merchant Fraud Strategies
False positives were already a pain point for merchants but exacerbated by the pandemic. It is estimated that $146 billion worth of CNP...
David Montague
Sep 17, 20211 min read
More than 36 percent of Consumers Admit to Friendly Fraud
More than 36 percent of consumers admitted to falsely claiming a transaction was unauthorized or fraudulent while 31 percent falsely...
David Montague
May 19, 20092 min read
PRESS RELEASE: TIPS FOR SMALL BUSINESSES TO AVOID CASH RESERVES IN A RECESSION
Red Bank, May 19, 2009/PRNewswire/ - As if the recession is not enough to deal with, for small and medium businesses that are growing...
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