FRAUDBLOG

$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.

Former MasterCard CEO Ajay Banga Elected President of the World Bank

Ajay Banga, who served as MasterCard CEO from 2010 to 2020, was elected as the 14th president of World Bank in early May, following...

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...

Over 24.6 Billion Usernames and Passwords Have Been Compromised Since 2016

According to a study by Digital Shadows, over 24.6 billion username and password combinations have been exposed due to data breaches....

37 Million T-Mobile Customers Implicated in Recent Data Breach

A hacker exploited a vulnerability in an API enabling them to access personally identifiable information of 37 million T-Mobile...

Nearly 60 Million Payment Cards Sold on the Dark Web in 2022 and 70 Percent were Issued in the US

59.4 million payment cards were compromised and posted for sale on the dark web in 2022 with 77 percent of these card compromised in the...

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