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.
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Justin McDonald
Sep 14, 20231 min
Payment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years
Merchant eCommerce payment fraud losses on physical goods is forecasted to grow from $1 billion in 2023 to $5.1 billion in 2028 across...
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
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 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
Jan 19, 20231 min
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...
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 15, 20222 min
Nearly Two-Thirds of ATO Attacks Use Advanced Bots to Mimic Human Behavior
Over 22 percent of all login attempts on retail websites were malicious, which is nearly twice the rate of malicious login attempts...
Justin McDonald
Nov 15, 20221 min
Merchants Expected to Lose $41 Billion to eCommerce Fraud Globally in 2022
The total cost of eCommerce fraud to merchants is expected to reach $41 billion in 2022 then increase by 17 percent to reach $48 billion...
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 4, 20222 min
Excessive Data Breaches Bring Additional Action Beyond Fines and Penalties per Incident
Education Technology provider Chegg is facing an FTC lawsuit requiring them to implement multi-factor authentication, improve data...
Justin McDonald
Sep 7, 20222 min
Fraud Losses Attributed to the Login Event are Catching Up to Fraud Losses from Transactions
Although fraud attacks occur more frequently at the account creation and transaction events, the dollar losses attributed to fraud 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
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...
David Montague
Sep 29, 20212 min
Black Friday and Cyber Monday Online Sales Set Records but Fall Short of High Expectations
Cyber Monday once again set the record for the largest online shopping day in the United States as consumers spent more than $10.8...
Justin McDonald
Sep 28, 20212 min
T-Mobile Data Breach Compromises Millions of Consumer Records, Including SSNs
T-Mobile is currently investigating the extent of a data breach before officially disclosing the number of customers impacted. This...
David Montague
Sep 17, 20211 min
WELCOME TO NEWS & EVENTS
Welcome to The Fraud Practice’s FraudBlog; your source for updates on current events, commentary and best practices related to the...
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