Collaborate Disseminate
17.46% of all global e-commerce transactions between Thanksgiving and Cyber Monday were potentially fraudulent, a TransUnion report reveals. Those numbers were slightly higher in the U.S. where 19.66% were suspected fraudulent. The number of suspected … Continue reading Fraudulent e-commerce transactions spiked between Thanksgiving and Cyber Monday
Arkose Labs released new data on the latest fraud trends, revealing increased threats during the holidays, rising bot attacks, and a resurgence in attacks on travel companies. As shoppers fill their online carts, account takeover (ATO) attacks and gift… Continue reading As digital shopping surges, researchers predict 8 million daily attacks
With ecommerce revenues higher than ever and estimated to reach $4.89 million in 2021 (per eMarketer), cart abandonment continues to be a major pain point for the industry and adjacent sectors, including payment processors and digital wallets. A closer… Continue reading Leveraging social media background checks to balance friction and risk
A massive $100 billion in transactions in 2021 alone have been protected by 3-D Secure payments authentication technology, Outseer reveals. The report also reveals continued explosive growth of worldwide 3-D Secure transactions due to skyrocketing adop… Continue reading 3-D Secure transactions growth fueled by card-not-present explosion and PSD2
Bot attack volumes grew 41% year over year with human-initiated attacks falling 29%, according to a report from LexisNexis Risk Solutions. The report confirms earlier trend patterns showing the financial services industry and media businesses bear the … Continue reading Bot attack volumes growing 41% year over year, human-initiated attacks down 29%
Account takeovers (ATOs) are on the rise, fueled by the widespread use of automated bots. The media industry, which includes social networks, content streaming, gambling, gaming, and online dating sites, is seeing attacks on new account creation proces… Continue reading Turning the tide on surging account takeovers in the media industry
Consumers around the world fear that businesses are now compromising online security in their efforts to deliver seamless digital experiences. According to a research released by Trulioo, 71% of respondents living in China, the UK and the U.S. feel tha… Continue reading Online brands prioritizing speed over security
As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike, according to a survey by Marqeta. The company surveyed 2,000 consumers across the United States and United Kingdom about their ex… Continue reading Do consumers now feel more exposed than ever to the risk of fraud?
The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year, according to a study from Juniper Research. The research found that fraudsters have targeted con… Continue reading eCommerce fraud losses to surpass $20 billion this year
Version 1.1 of the PCI Secure Software Standard introduces the Terminal Software Module, a new security requirements module for payment software intended for deployment and operation on PCI-approved PIN Transaction Security (PTS) Point-of-Interaction (… Continue reading PCI SSC publishes PCI Secure Software Standard 1.1 and supporting program documentation