Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 billion, and phishing attacks now comprise 30% of all fraud attempts....
Fraud prevention and identity verification firm Kount is launching Email First Seen, a tool that serves as an indicator of email trust, the company announced on Thursday (Feb. 20). The solution is now an essential component of Kount’s Identity Trust Global Network launched earlier this...
Banks are increasingly embracing new channels to offer seamless omnichannel services to their customers, but doing so often creates silos that handle large amounts of collected data. This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also...
Bad actors are increasingly targeting transit companies’ loyalty programs and relying on stolen payment credentials, but tighter online authentication measures and artificial intelligence (AI)-powered solutions can put the brakes on that fraud. In the new Merchant Fraud Decisioning Playbook, Greyhound Lines Vice President of Strategy,...
The fraud prevention race is the same as it has always been, with merchants and security companies sprinting to stay ahead of cybercriminals to keep data safe and secure. Participants in this race, both legitimate and illegitimate, have more room to play, however, as upgraded...
Is there no end to the devious creativity of cybercrooks? If they’re not grabbing stolen credentials off the Dark Web then they’re neck-deep in buyer-seller collusion, or the long con of keeping fake accounts in good standing … just enough to drain them and abscond....
Businesses have good reason to be concerned about data breaches. Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding...
Phishing is an enormous fear for businesses, with attacks accounting for 90 percent of data breaches. It’s an especially pertinent concern for DocuSign, which processes nearly 800,000 authorized documents every day, making it a prime phishing target. In this month’s Digital Fraud Tracker, Emily Heath,...
More than 4.1 billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. This comes to approximately one hack every 39 seconds, and affects a wide range of businesses...
