Register for our Upcoming Webinar: User Credentials are Not Secured with 2FA Alone
Join myNetWatchman Founder and Chief Innovation Office Lawrence Baldwin along with The Fraud Practice’s Justin McDonald on October 23, 2024
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Justin McDonald
Aug 203 min
Here are Just Some of the Ways Fraudsters are Beating or Evading Two Factor Authentication
Here are some of the ways fraudsters are able to successfully takeover and drain accounts despite the use of 2FA.
Justin McDonald
Sep 20, 20237 min
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.
Justin McDonald
Aug 9, 20238 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, 20231 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, 20231 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, 20232 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, 20232 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, 20232 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, 20232 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, 20226 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, 20227 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, 20222 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, 20227 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, 20221 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, 20221 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, 20222 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, 20222 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, 20225 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, 20222 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...
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