State Unemployment Systems Battered With Breaches and Identity Fraud
The state of Arkansas shut down their unemployment application website which exposed the PII of nearly 30,000 applicants and Illinois...
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Fraud Practice
Nov 5, 20211 min read
Alibaba’s Singles Day Sales Exceed US Online Sales from Thanksgiving Through Cyber Monday
Alibaba, China’s largest online company, reported gross merchandise value (GMV) of $30.8 billing on Singles Day or 11/11. This metric,...
Fraud Practice
Nov 4, 20214 min read
Common Pitfalls When Performing Identity Document Verification as a Fraud Prevention Technique
Sarasota, FL, October 21, 2014 / By: David Montague, The Fraud Practice LLC It is common to find risk management teams relying on legacy...
Fraud Practice
Nov 2, 20212 min read
Global Growth Expected in Mobile Commerce and Mobile Fraud
A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce...
David Montague
Nov 2, 20212 min read
Report Finds Increase in Malware, Targeted Attacks at Medium-Sized Businesses
According to Symantec’s annual Internet Security Threat Report, malicious attacks increased 81 percent from last year while social...
David Montague
Nov 1, 20211 min read
PayPal Expands In-Store Payment Trial with Home Depot
PayPal is currently trialing their in-store payment service in about 50 Home Depot stores but will be expanding to over 2,000 Home Depot...
David Montague
Nov 1, 20215 min read
Expect U.S. eCommerce to Exceed 6% of Total Retail Sales for Q4 2011
The importance of Cyber Monday in the online channel should not be understated. Cyber Monday 2010 was the first time online spending in...
David Montague
Nov 1, 20212 min read
Secondhand Mobile Phones Contain Original Owner’s Data
Before you recycle or resell that mobile phone, are you sure it is clear of all your personally identifiable information? Manually...
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 28, 20211 min read
EU Organizations Fined $211 Million Related to Data Breaches Under GDPR
A recent report analyzes the $211 Million in data breach fines imposed on European Union organizations by the General Data Protection...
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, 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, 20212 min read
B2B Merchants Struggle to Adapt to Regulatory Change
B2B merchants are presented with many hurdles as they are forced into new regulations. B2B firms are rushing to incorporate SCA...
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
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...
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