Automated bots can wreak havoc on banks, but building an airtight defense can impede a good user experience. The challenge is separating the good bots, such as search aggregators, from the bad ones attempting fraud. In this month’s Digital Fraud Tracker, PYMNTS spoke with Raghu...
Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67% since 2014 and 11% since 2018. Casualties of these breaches in the first half of 2019 alone include 4.1 billion personal records exposed in a variety of ways: 52% through...
Merchants can find themselves fighting with one hand tied behind their backs in their battle against fraud. They must not only implement innovative technologies to ward off evolving and aggressive cyberattacks but also make sure not to turn off legitimate customers and lose revenue with...
With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud Decisioning Playbook, CEO Felix Shpilman, of global travel services provider Emerging Travel Group, discusses how...
With the global travel industry expected to lose $11 billion to fraud this year, online travel agents (OTAs) must safeguard against threats across multiple channels. In the latest Merchant Fraud Decisioning Playbook, CEO Felix Shpilman of global travel services provider Emerging Travel Group discusses how...
Time is money, as the old saying goes, and that idea applies to few places more keenly than commerce. The presence or absence of speed, particularly around transactions themselves, can be the difference between a conversion happening or not. Optimizing for smoothness and speed is...
Cloud services like AWS, Dropbox and Google Cloud store terabytes of users’ personal information and payment data, making them prime targets for fraudsters looking to wreak havoc. A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access...
Healthcare in the U.S. is a massive industry. According to the Centers for Medicare and Medicaid, $3.5 trillion — or roughly $11,000 per person — was spent in the U.S. in 2017 on healthcare services. By the year 2027, the expectation is that those costs...
Cloud hosting platforms are charged with storing and protecting vast troves of valuable personal and company information, making them tempting targets for fraudsters. Improper security measures can result in incalculable damage, which makes multi-layered defense systems a top priority. In this month’s Digital Fraud Tracker,...
