The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages and resell them for profit. But combating fraud often comes at a cost, as onerous security protocols may alienate legitimate customers. In this...
Fraud continues to plague the digital world, despite the fortunes spent to curb it. Industries that operate solely online are some of the most vulnerable to fraud, including that of online travel. Many of these schemes take the form of clean fraud or friendly fraud...
Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals scan websites for personal information entered into forms online. The new product is called Privacy Alert, and it’s a plugin that will warn...
The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is probably the case. One scheme that fits this description is reshipping fraud, a type of scam that often lures in unsuspecting participants by...
Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts tremendous pressure on ticket-selling platforms to ensure they only engage with legitimate customers. In the new Digital Fraud Tracker, Ticketmaster’s Chief Information Officer...
The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods. The expansion of EMV...
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS, Kannan Srinivasan, senior director of risk strategy and analytics for Fiserv, said the bad guys are constantly shifting tactics — so the battle...
Without trust, the sharing economy’s growth could slow. And trust in the sector of the sharing economy centered around property rentals is going through some tough times lately. As Airbnb makes major moves, Mike Gramz, executive vice president and chief risk officer at Yapstone, talks...
There are bad days. And then, for corporate treasury professionals, there are really bad days. The kind of days when systems go dark, cyberattacks run rampant and managing cash flow is akin to flying a plane without instrumentation. In the latest Treasurer’s Need to Know series, Mark...
