Payment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years
Merchant eCommerce payment fraud losses on physical goods is forecasted to grow from $1 billion in 2023 to $5.1 billion in 2028 across...
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Justin McDonald
- Jun 5, 2023
- 2 min
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
- May 31, 2023
- 2 min
Nearly Two-Thirds of US Cardholders Have Been Victims of Card Fraud
The share of US cardholders who have seen fraudulent charges on their credit or debit cards increased to 65 percent in 2022, up from 58...
Justin McDonald
- Nov 9, 2022
- 2 min
Just 40% of Consumers Have NOT Attempted Some Form of Promo Abuse in the Past Year
More than 30 percent of consumers admitted to abusing referral programs by referring themselves using a new email address to obtain a...
Justin McDonald
- Jul 25, 2022
- 2 min
Synthetic Identity and New Account Fraud Among the Most Rapidly Growing Types of Attacks
New account fraud attacks increased 109 percent in the US according to Javelin Strategy’s most recent identity fraud study. Meanwhile,...
Fraud Practice
- Nov 5, 2021
- 3 min
Visa to Increase Interchange Fees for CNP Transactions this April
After leaving interchange rates mostly unchanged for the past decade, Visa sent a letter to partner banks outlining the coming changes to...
Fraud Practice
- Nov 5, 2021
- 2 min
Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion
Card Not Present channel Merchants cite order rejection rates of nearly 3 percent for domestic transactions and nearly 7 percent for...
Fraud Practice
- Nov 5, 2021
- 2 min
Thanksgiving, Black Friday and Cyber Monday all Set New Record Highs
Desktop and mobile eCommerce sales reached a combined $14.5 billion across Thanksgiving, Black Friday and Cyber Monday, while CNP channel...
Fraud Practice
- Nov 3, 2021
- 2 min
Register for Online Training Programs Before October Price Adjustments
On October 1st The Fraud Practice will be increasing the enrollment prices of our online training programs across the board. If there are...
David Montague
- Sep 17, 2021
- 1 min
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, 2021
- 3 min
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, 2021
- 2 min
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, 2021
- 2 min
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...
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