Assessing Payment Fraud Prevention Strategies Using Internal and External Approaches
Better manage payment fraud by taking both an internal and external-looking approach to assess your fraud prevention strategy.
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Justin McDonald
- Aug 9
- 8 min
Three Rules for Effective Payment Fraud Prevention
This article discusses three key rules at the core of effective payment fraud prevention strategies.
Justin McDonald
- Aug 8
- 1 min
Merchant eCommerce Payment Fraud Losses Expected to Exceed $90 Billion Annually by 2028
Forecast says eCommerce merchant payment fraud losses will exceed $362 billion globally during the five year period ending in 2028.
Justin McDonald
- Jun 7
- 1 min
White Paper: Payment Fraud Prevention - Quick Pivots and Proactive Planning
This free white paper discusses the dual mandates of a successful payment fraud prevention strategy: Quick Pivots and Proactive Planning
Justin McDonald
- Jun 5
- 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
- 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
- May 16
- 2 min
$24 Billion in False Positives Last Holiday Season While More Consumers Admitted to Return Fraud
False positives, return fraud and consumer abuse are all on the rise.
Justin McDonald
- May 15
- 2 min
Fraudster Recruited Warehouse Worker to Facilitate Return Fraud
Exemplifying both the brazen and clever nature of return fraud schemes, a fraudster exploited a warehouse employee...
Justin McDonald
- Nov 16, 2022
- 6 min
Account Takeover: Fighting Fraud with Dynamic Friction
Organizations can apply a layered strategy approach to ATO risk, just as they do with transaction risk.
Justin McDonald
- Nov 9, 2022
- 7 min
Stop Identity Fraud and Promo Abuse in the Face of a Potential Recession
November 9, 2022 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud Practice During the “Great Recession” of 2008 and 2009...
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
- Aug 17, 2022
- 7 min
3 Strategies to Stop Identity Fraud Before it Hurts Your Bottomline
In this feature article, we cover three strategies for stopping synthetic identity fraud.
Justin McDonald
- Aug 15, 2022
- 1 min
Delete Old Gift Registries, Fraudsters Use Them to Harvest Data for Passing KBAs
Default privacy settings for many online gift registries, and the common practice of never deleting them, have created an identity...
Justin McDonald
- Jul 27, 2022
- 1 min
New White Paper: Detecting Fraud and Abuse at Account Opening
The latest free white paper from The Fraud Practice discusses the different types of attacks and fraud that organizations face at the...
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,...
Justin McDonald
- Jul 21, 2022
- 2 min
Are Your Customers’ Loyalty Points Safe From Fraud?
Nearly 90 percent of US consumers are enrolled in at least one loyalty program while the total value of US rewards accounts exceeds $60...
Justin McDonald
- May 24, 2022
- 5 min
Account Takeover and Alternative Payments: Understanding the Impact of the Fraud Economy
May 24, 2022 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud Practice Does your organization have a 360° view on the...
Justin McDonald
- May 24, 2022
- 2 min
The Large and Growing Threat of Account Takeover
Account Takeover (ATO) represented one-in-four identity fraud losses in 2021 growing 90 percent year-over-year to an $11.4 billion dollar...
Fraud Practice
- Nov 5, 2021
- 2 min
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, 2021
- 3 min
Many Merchants Fail to Protect Against or Notify Users About Account Takeover
According to a recent survey, more than one-third of merchants have seen at least 10 percent of their user accounts taken over in the...
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