FRAUDBLOG

Gift Card Ponzi Scheme

A South Carolina woman was sentenced to three years behind bars after running a Ponzi scheme where she bought and resold gift cards at a...

Counterfeit Card Ring Resold Gasoline

For several years now fraudsters have been obtaining credit card numbers by hiding skimmers in gas pumps, but a fraud ring from Central...

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...

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...

Mobile Wallets Responsible for The Rise in Friendly Fraud

Merchants are less likely to dispute chargebacks on transactions originating from mobile wallets and significantly less likely to win...

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...

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...

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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