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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
Jun 5, 20232 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
About Social Engineering: A Case Study and How it Relates to Spear Phishing
What is social engineering? Social engineering is a fraud technique used to deceive individuals or businesses into unknowingly providing...
Fraud Practice
Nov 5, 20213 min read
FTC Focuses on Synthetic Identities as New Account Fraud Continues to Rise
According to recent data and studies, identity fraud and new account fraud continue to plague both banks and consumers, with 80 percent...
Fraud Practice
Nov 4, 20212 min read
Post-EMV eCommerce Fraud Growth Abetted by Data Breaches
According to recent data from Experian, eCommerce fraud was 15 percent higher in the first half of 2016 compared the same period the year...
Fraud Practice
Nov 4, 20213 min read
CNP Merchants Brace for Increased Fraud Post-EMV
A new study from Vesta and Javelin finds similarities and differences between merchants selling digital goods, physical goods or both...
Fraud Practice
Nov 4, 20212 min read
Merchants Should Already be Planning for Increased Fraud Attempts Post-EMV
According to forecasts from Aite Group nearly all credit cards issued in the U.S. will have EMV capabilities by 2018 when CNP credit card...
Fraud Practice
Nov 4, 20213 min read
How Manual Review Metrics Vary Across Small and Large Merchants
It can be difficult for merchants to really understand how well they are performing with manual reviews for online fraud management...
Fraud Practice
Nov 4, 20214 min read
Visa Working with Issuers to Expand use of Mobile Geolocating to Verify Card Present Transactions
Visa has partnered with Finsphere, a geospatial analytics company, to provide location information of mobile devices at the time of a...
Fraud Practice
Nov 4, 20212 min read
PRESS RELEASE: The Impact of Manual Reviews on Your Customers and Brand
Sarasota, FL, November 6, 2014 / By: David Montague, The Fraud Practice LLC eCommerce merchants face the risk of fraudulent transactions...
Fraud Practice
Nov 4, 20215 min read
Holiday Shoppers More Likely to Use Cash and Avoid Retailers Who Suffered Breaches
The Target data breach was the story of the 2013 holiday season and several other major retailers have failed to prevent the compromise...
Fraud Practice
Nov 4, 20213 min read
Card Fraud Costs Asian Banks $400 Million per Year and is Growing Rapidly
According to estimates from FICO, card fraud in Asia costs financial institutions $400 million each year and is increasing by 20 to 25...
Fraud Practice
Nov 4, 20212 min read
CNP Fraud on UK Cards Up 23 Percent in First Half of 2014
The latest figures on card fraud losses in the United Kingdom, coming from industry group Financial Fraud Action UK, support the...
Fraud Practice
Nov 4, 20212 min read
DOJ to Congress: Amend Laws to Help us Prosecute for Overseas Fraud on U.S. Cards
While there have been many successful efforts to bring international fraudsters to justice in U.S. courts, this often requires...
Fraud Practice
Nov 4, 20212 min read
Nearly half of Americans had personal information compromised in the last year
Hackers and data breaches have compromised the personal information of 110 million Americans just in the last twelve months, affecting 47...
Fraud Practice
Nov 4, 20212 min read
France, Russia and UK Lead Increase of Card Fraud in Europe
According to data from FICO and Euromonitor International, card fraud losses increased 6 percent in 2012 from 2011 while 80 percent of...
Fraud Practice
Nov 3, 20212 min read
Nearly Half of all Global Card Fraud Losses Occur in the United States
According to The Nilson Report, global card fraud losses surpassed $11 billion in 2012 while the U.S. accounted for over 47 percent of...
Fraud Practice
Nov 3, 20211 min read
Organized Fraud Attack Compromised Merchant POS Systems with Malware
Two men from Romania were extradited to the United States last May after being accused of running a fraud operation that installed...
David Montague
Nov 2, 20212 min read
Retail Clerk Opened Store Credit Cards with Stolen Identities
Two Louisiana residents were arrested and charged with multiple accounts of fraud and identity theft after a retail clerk used stolen...
David Montague
Nov 2, 20211 min read
UK and US Authorities Shut Down 36 Black Market Websites
An ongoing investigation conducted by the UK’s Serious Organized Crime Agency (SOCA), working with the FBI and the U.S. Department of...
David Montague
Nov 2, 20212 min read
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