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NYPD Trials New Skimming Detection Device “Skim Reaper”
A computer science professor and two graduate students invented a device used to check ATMs and card readers to detect the presence of a...

Fraud Practice
Nov 5, 20212 min read


Capital One Acquires ATO Alert Company Confyrm
Capital One, one the largest card issuers in the United States, has acquired Confyrm, a technology startup focused on reducing account...

Fraud Practice
Nov 5, 20212 min read


One Million Victims and $2.6 Billion Loss to Child Identity Theft in 2017
While 19 percent of US adults who were notified of a data breach fell victim to identity fraud last year, more than twice as many...

Fraud Practice
Nov 5, 20212 min read


124 Data Breaches Were Announced in the First Two Months of 2018 Following a Record-Setting 2017
There were nearly 17 million identity fraud victims in the United States in 2017, more than ever before. This increase is likely...

Fraud Practice
Nov 5, 20212 min read


Number of Records Compromised in U.S...
...Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs Nearly 1,600 data breaches occurred in the United...

Fraud Practice
Nov 5, 20212 min read


FTC Chair Nominee and New Federal Reserve Chairman Each Mention Data Breaches as a Critical Concern
As the FTC considers and confirms nominees to fill vacant commission seats, those interviewed speak to the still growing threat of data...

Fraud Practice
Nov 5, 20212 min read


Putting the Use of Apple Pay and Mobile Payments in Perspective
Although the number of Apple Pay users worldwide more than doubled in 2017, this represents just 16 percent of iPhone owners that have...

Fraud Practice
Nov 5, 20212 min read


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 5, 20212 min read


Alibaba Exceeds $25 Billion in Purchase Volume on Single’s Day
Alibaba shattered previous sales records on Single’s Day in China, the largest global online shopping day of the year, reaching $25.3...

Fraud Practice
Nov 5, 20212 min read


Visa Canada Requires CVV on All eCommerce Transactions While Providing Merchants New Liability Shift
Visa Canada published a document titled The Future of Payment Security in Canada, detailing several new requirements related to ensuring...

Fraud Practice
Nov 5, 20212 min read


Uber Sat on Data Breach Affecting 57 Million Users for Over 1 Year
Uber, one of the latest companies to suffer a data breach, is suffering backlash not just for the 57 million user accounts compromised...

Fraud Practice
Nov 5, 20212 min read


Google and Walmart’s New Partnership Will Help Both Battle eCommerce Behemoth Amazon
Google and Walmart announced a partnership that will bring hundreds of thousands of items sold by Walmart onto the Google Express online...

Fraud Practice
Nov 5, 20213 min read


Apple to Offer Text P2P Transfer and Stored Balance Account with Apple Pay Cash Card
The new Apple iPhone and operating system are set to launch in September and include new features likely to grow adoption of Apple Pay...

Fraud Practice
Nov 5, 20213 min read


Superior Credit Consumers are Highest Risk Loan Stackers
Taking out multiple loans to get more funding than would be approved for any one loan is something that both real consumers do, and...

Fraud Practice
Nov 4, 20213 min read


FTC Focuses on Synthetic Identities as New Account Fraud Continues to Rise
According to recent data and studies, identity fraud and new account fraud continue to plague both banks and consumers, with 80 percent...

Fraud Practice
Nov 4, 20212 min read


eCommerce and Mobile Banking Fraud Lead 2016 Fraud Increase in the UK
Financial Fraud Action (FFA) UK, a financial services industry research and reporting group, recently released their 2016 year-end...

Fraud Practice
Nov 4, 20212 min read


Post-EMV eCommerce Fraud Growth Abetted by Data Breaches
According to recent data from Experian, eCommerce fraud was 15 percent higher in the first half of 2016 compared the same period the year...

Fraud Practice
Nov 4, 20213 min read


MasterCard to Acquire NuData Security
At the end of March, MasterCard announced they had entered into an agreement to acquire NuData Security, the behavioral biometric and...

Fraud Practice
Nov 4, 20212 min read


Amazon Debuts Cash-based Alternative Payment Method
Amazon Cash is the latest payment method and feature supported by Amazon and was designed for the under- and unbanked. Consumers can...

Fraud Practice
Nov 4, 20212 min read


Global Spending to Increase on Fraud Detection, Cybersecurity and Big Data Analytics
Multiple studies and sources are coming to the same conclusion: organizations will be spending more on risk management and data analytics...

Fraud Practice
Nov 4, 20212 min read
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