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Press Releases

 

The Fraud Practice Announces the Release of their Online Fraud Mindshare Whitepaper (Media-Based)

Red Bank, June 16, 2009/PRNewsWire/- The Online Fraud Mindshare Whitepaper is a 20 page research document focusing on establishing perceived market mindshare related to online fraud between 1999 and 2009 by using aggregated media coverage to answer 10 basic questions. The premise of the research is that  aggregation of media coverage over time can show general market mindshare trends due to media bias for high interest stories. News articles that have higher market interest will more likely have copy cat articles, follow on articles, blog entries and editorial responses than articles with less market interest;  therefore providing a means in which to measure overall market interest at a given time on a given subject.

 

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 during these hard times you need to be aware that your credit card processor may view your growth as a potential indicator that you are at risk of going under and institute cash reserves.  Unfortunately the industry has learned from experience that some merchants, about to go under, commit fraud by processing bogus orders to bolster cash flow; which is seen by the processor as a spike in sales from the merchant. In a time where bankruptcies and business closures are rising it is only natural that processors are nervous. Find out what you can do to prevent your processor from viewing healthy growth as detrimental risk...

 

Housing Tax Act of 2008 and Tax Implications for eCommerce

Red Bank, April 16, 2009/PR Newswire/- Many small businesses and payment processors were surprised to learn the Housing Assistance Tax Act of 2008 included a provision creating an IRS 1099 reporting requirement for all credit card payment providers (i.e. PayPal, Google Checkout, Amazon) to report individuals that receive deposits totaling more than $20,000 from over 200 debit/credit card transactions in one year. The proposed provision could deliver tax revenue in the amount of $9.529 billion over 10 years but at what cost?

 

The Fraud Practice Releases their Semi Annual Guide on eCommerce Alternate Payments

Red Bank, Mar. 17, 2009/Business Wire/- Most merchants view the alternative payment market as a limited competitive field with few real differentiators between the players. More often than not, merchants investigating alternative payments are limiting their discussion to ACH, PayPal, Amazon and Google Checkout. In fact there are a number of payment options and a rapidly growing number of service providers offering them. The Fraud Practice’s Guide to Alternate Payments identifies 8 categories of alternative payment solutions with over 100 service providers offering their services globally. The categories include credit card payments, ACH & bank payments, payment aggregators, credit-term providers, cash alternative providers, advertising/promotional providers, mobile payment providers and invoicing payment providers....

 

Will Economic Downturn lead to Increased Fraud?

Red Bank, Mar. 2, 2009/The FraudBlog Newsletter/- There have been a number of recent articles how the economic downturn will result in increased fraud, which I believe have inaccurately portrayed the real fraud risks in an economic downturn...

 

Legislation in the works that could affect Future Trends in Fraud

Red Bank, Feb. 19, 2009/The FraudBlog Newsletter/- The current economic crisis is affecting all of us, but could it also be creating new loopholes for fraudsters to exploit?

 

Layoffs? Watch Out.

Red Bank, Feb. 2, 2009/The FraudBlog Newsletter/- While it isn't easy to do layoffs and it uncomfortable for most managers to perform; don't let your discomfort be the cause of a potential hack or malware attack from a disgruntled employee...

 

I got you once, and I will get you again!

Red Bank, Oct. 30, 2008/The FraudBlog Newsletter/- While the article, "The Hackers Mindset - I did nothing Wrong" by Jon Swartz of USA Today is not new news, it can provide good insight into the makeup of a cybercriminal.

 

Some Brain Food for your Wallet

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 asked this question. My answer has always been to use your credit card or your debit card, as a credit card, but save your pin for ATM transactions only.

 

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 the past couple of months.  If you are like most fraud managers, your focus has been on stopping the fraudster from coming in the door, and not paying attention to the fraudster lurking inside.

 

 

 

 

 

 

 

 

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