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Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania St… Continue reading Stolen, locked payment cards can be used with digital wallet apps
The best retail POS systems are easy to use, reliable, and simplify managing inventory, customer, and employee data. Continue reading The 5 Best Retail Point of Sale (POS) Systems for 2024
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merch… Continue reading Triangulation fraud: The costly scam hitting online retailers
70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need to deploy more sophi… Continue reading Fraudsters have found creative ways to scam some businesses
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indica… Continue reading AI strengthens banking’s defense against fraud
Payment data security concerns remain widespread as organizations undertake significant lift to meet the PCI DSS 4.0 deadline, according to Bluefin. 94% of survey respondents said they have significant or very significant concerns pertaining to payment… Continue reading Organizations are racing against time to meet the PCI DSS 4.0 deadline
Ecommerce platforms are incorporating sophisticated fraud detection measures, but fraudsters, too, are refining their strategies. In this Help Net Security interview, Eduardo Mônaco, CEO at ClearSale, explains the complexities of ecommerce fraud, discu… Continue reading The road ahead for ecommerce fraud prevention
PCI Security Standards Council (PCI SSC) published version 1.2 of the PCI Secure Software Standard and its supporting program documentation. The PCI Secure Software Standard is one of two standards that are part of the PCI Software Security Framework (… Continue reading PCI Secure Software Standard 1.2 released
E-commerce fraud is expected to cost merchants in excess of US$48 billion globally in 2023, up from over $41 billion in 2022 according to Juniper Research. It predicted that this growth will be accelerated by increasing use of alternative payment metho… Continue reading Online payment fraud is evolving
eCommerce fraud to merchants to exceed $48 billion / eCommerce merchants must step up their fraud prevention strategies A Juniper Research study found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023, from ju… Continue reading Alternative payment methods are creating new fraud risks