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Both Card Present and Card Not Present Fraud Grew in 2016
According to estimates from Javelin Strategy and Research, there was an 8 percent increase in U.S. consumers impacted by payment card...

Fraud Practice
Nov 4, 20212 min read


Wal-Mart Makes Another Major eCommerce Move in Uphill Battle Against Amazon
Amazon has a stronghold as the largest eCommerce merchant in the United States, comprising as much as 43 percent of all U.S. online...

Fraud Practice
Nov 4, 20213 min read


Alibaba Spin Off to Acquire MoneyGram for $880 Million
Ant Financial Services Group, the Alibaba Group affiliate formerly known as Alipay, announced the acquisition of major money remittance...

Fraud Practice
Nov 4, 20211 min read


Black Friday Sets New U.S. Total Online Sales Record, Surpassed by Cyber Monday Days Later
Consumers continue to shop more online and from their mobile devices on Thanksgiving, Black Friday and Cyber Monday with another...

Fraud Practice
Nov 4, 20213 min read


Consumers Were More Likely to Shop with Mobile Devices Online Rather than In-Store This Black Friday
Although mobile eCommerce sales accounted for $1.2 billion on each Black Friday and Cyber Monday, consumers shopping in-store were much...

Fraud Practice
Nov 4, 20212 min read


PCI Council Joins EMVCo in Support of 3-D Secure 2.0 Protocol
In the beginning of 2015 EMVCo announced they would be responsible for further developing the 3-Domain Secure 2.0 Specification, taking...

Fraud Practice
Nov 4, 20211 min read


MasterCard Launches Identity Check App Supporting ‘Selfie’ Authentication for SecureCode
MasterCard released their Identity Check app in early October, which is now available in 12 countries across Europe and set to be...

Fraud Practice
Nov 4, 20212 min read


As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws
Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and...

Fraud Practice
Nov 4, 20212 min read


LinkedIn Files Lawsuit to Battle Profile Scraping Bots
Citing the Computer Fraud and Abuse Act (CFAA) and Digital Millennium Copyright Act, the professional social network filed suit against...

Fraud Practice
Nov 4, 20212 min read


Black Market Prices for Variety of Login Credentials Show that Fraud Goes Well Beyond the Payment Ca
A recent study cataloging prices across English- and Russian-language fraudster forums examined 320 purchases for stolen payment,...

Fraud Practice
Nov 4, 20212 min read


SWIFT Signs on 73 Banks to Participate in Cross-Border Payments Initiative
SWIFT, the financial messaging and payment company based in Belgium, is developing a global network for facilitating cross-border bank...

Fraud Practice
Nov 4, 20212 min read


Visa and American Express Temporarily Ease EMV Chargeback Liability for Merchants
Announcements from three of the major card associations in June describe different approaches for reducing merchant liability and losses...

Fraud Practice
Nov 4, 20212 min read


Mobile Wallets are Moving to the Web Browser with Implications for eCommerce and mCommerce
Both Apple Pay and Android Pay are bringing their mobile wallets to the web browser, adding both security and convenience to mCommerce...

Fraud Practice
Nov 4, 20213 min read


Average Cost of Data Breach Grows to $4M Globally, $7M in the U.S.
IBM and the Ponemon Institute recently published the latest results of their global study measuring the financial impact of data breaches...

Fraud Practice
Nov 4, 20212 min read


Over 150 Biometric and 2FA Products Certified to Meet FIDO’s Interoperability Standard
In early April, the Fast Identity Online (FIDO) Alliance announced that they have now certified over 150 two-factor authentication and...

Fraud Practice
Nov 4, 20212 min read


Millennials Are Group Most Likely to be Victims of Both Telephone and Online Scams
Multiple studies have recently shown that across all age groups it is Millennials who are most likely to fall victim to scams carried out...

Fraud Practice
Nov 4, 20212 min read


The Impact of Fraud Beyond Direct Financial Losses
Because eCommerce fraud is already painful with the reversal of funds, chargeback fees and lost product, the indirect costs are often...

Fraud Practice
Nov 4, 20213 min read


EMVCo’s 3DS 2.0 Specification Coming at a Critical Time
Merchant and cardholder use of Consumer Authentication programs like Verified by Visa and MasterCard SecureCode increased following the...

Fraud Practice
Nov 4, 20214 min read


MasterCard to Launch Identity Check App in 14 Countries this Summer
MasterCard showcased their new Identity Check product at the Mobile World Congress in late February, announcing that after successful...

Fraud Practice
Nov 4, 20212 min read


Apple Pay Adoption Moved Slow, but 2015 a Big Year for Mobile Payments Overall
Apple CEO Tim Cook may not have had the year he was hoping for after saying that 2015 would be the year of Apple Pay, but it was a strong...

Fraud Practice
Nov 4, 20213 min read
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