eCommerce has witnessed a surge in popularity during the pandemic as shoppers purchase goods from the safety of their homes instead of setting foot in brick-and-mortar stores. United States merchants made more than $604 billion in online sales in 2020, for example, and this trend...
Expense management and business travel booking platform TravelBank has become an ISO/IEC 27001:2013 certified provider, with its Information Security Management System (ISMS) receiving third-party accreditation from the International Standards Organization, according to a Wednesday (Feb. 24) press release. The ISO/IEC 27001:2013 standards have to do...
Digital fraud is one of the most pressing issues facing the banking sector, with fraudsters deploying a vast array of methods to target financial institutions (FIs) and their customers. Loan fraud complaints totaled 17,349 in Q1 2020 compared to 4,416 complaints during the same period...
Financial institutions (FIs) face a dizzying array of cybercrime threats such as account takeovers and botnets that require multilayered defenses, but ensuring these layers cooperate is a tall order. In this month’s Digital Fraud Tracker, PYMNTS spoke with Mike Upton, chief digital and technology officer...
Digital fraud has been on the upswing as the global health crisis continues, with losses due to pandemic-related scams like fraudulent Paycheck Protection Program (PPP) loans or the impersonation tax officials topping $100 million by August alone. These trends are expected to continue well into...
People in general are more aware of — and concerned about — fraud as we pass through a second season of COVID, and eCommerce continues to rack up impressive stats, good and bad. PYMNTS January 2021 Digital Fraud Tracker® done in collaboration with Simility, looks...
The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive...
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than just spotting and flagging illegitimate transactions, says KP Brendel, director of marketplace operations at online...
The 2020 holiday season was one for the history books, drastically different due to the pandemic limiting consumers’ in-person shopping experiences. Experts predicted that up to $190 billion would be spent online this year, a 35.8% increase from the previous year. The prevalence of online...
