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...
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Fraud Practice
- Nov 5, 2021
- 2 min
Number of Disclosed Data Breaches Down 50% but Exposed Records Up 400% in First Half of 2020
While there are some questions around the number of data breaches thus far, 2020 is shaping up to be a record year in terms of number of...
Fraud Practice
- Nov 5, 2021
- 2 min
Keeping Up with the New Normal in eCommerce, Fraud and Payments
A common theme throughout 2020 has been the acceleration of digital adoption across both businesses and consumers. We take a look at the...
Fraud Practice
- Nov 5, 2021
- 2 min
Processors Prepare for Increasing Merchant Chargeback Losses and Look to Increase Reserves
A FinTech lawyer reported that as many as one-fifth of his merchant clients have been contacted by their payment processors about the...
Fraud Practice
- Nov 5, 2021
- 4 min
Who Is Looking Out For eCommerce Merchants?
Guest Post Written by: Daryn Griggs, Co-Founder, Payshield, Certified eCommerce Fraud Professional Who Is Looking Out For eCommerce...
Fraud Practice
- Nov 5, 2021
- 2 min
LexisNexis Makes Two Major Risk & Identity Acquisitions in First Two Months of 2020
LexisNexis prepares to fund two acquisitions totaling $855 million as parent company RELX looks to buy two major names in the identity...
Fraud Practice
- Nov 5, 2021
- 1 min
Cyber Weekend Fraud Declines See 30% Increase Year-Over-Year and 50% Increase Relative Rest of Year
The number of order attempts declined for suspected fraud increased by nearly 30 percent year-over-year for orders between Thanksgiving...
Fraud Practice
- Nov 5, 2021
- 2 min
Winners and Losers in the Largest US Online Holiday Shopping Season Yet
Mobile and eCommerce shopping hit new highs this holiday season as Cyber Monday yet again beat its own record as the largest online...
Fraud Practice
- Nov 5, 2021
- 2 min
Federal Reserve to Launch Real-Time Payments System called FedNow by 2024
The U.S. Central Bank will embark on its biggest investment in payments since becoming an ACH operator more than forty years ago. FedNow...
Fraud Practice
- Nov 5, 2021
- 1 min
JP Morgan to Discontinue Chase Pay for Mobile Contactless Payments
Unable to catch up to Apple, Samsung or Google Play, Chase Pay was used by less than 10 percent of Chase cardholders in the last 90 days,...
Fraud Practice
- Nov 5, 2021
- 1 min
Equifax Acquires SMB Credit Rating Firm PayNet
Founded in 2000, PayNet provides a range of services and data products for leasing and commercial lending companies to make better credit...
Fraud Practice
- Nov 5, 2021
- 1 min
MasterCard Acquires Ethoca, Post-Transaction Provider Pioneer
MasterCard announced on March 12 their acquisition of Ethoca, pioneer of the chargeback or issuer alert service. The acquisition is...
Fraud Practice
- Nov 5, 2021
- 2 min
Nearly 450 Million Consumer Records with PII Exposed in 2018
According to the Identity Theft Resource Center, who just released their 2018 End-of-Year Data Breach Report, the number of data breaches...
Fraud Practice
- Nov 5, 2021
- 1 min
Cyber Monday and Black Friday Reach Record Highs Totaling More Than $14 Billion in Online Sales
Cyber Monday 2018 was the largest online shopping day recorded in the U.S. with $7.9 billion in sales volume, according to Adobe...
Fraud Practice
- Nov 5, 2021
- 1 min
Consumers More Concerned with Fraud than Overspending During Holiday Season
A recent survey from CaptialOne found that 26 percent of consumers believe Cyber Monday is the riskiest day of the year to shop online...
Fraud Practice
- Nov 5, 2021
- 1 min
Alibaba’s Singles Day Sales Exceed US Online Sales from Thanksgiving Through Cyber Monday
Alibaba, China’s largest online company, reported gross merchandise value (GMV) of $30.8 billing on Singles Day or 11/11. This metric,...
Fraud Practice
- Nov 5, 2021
- 4 min