Fraud Prevention

Fraud Prevention
MTA Puts Wells Fargo Business On Hold
September 28, 2016

More troubles for Wells Fargo as New York’s Metropolitan Authority has put on hold any business concerning bond transactions and underwritings. Wells Fargo had been initially cleared before it was fined by the CFPB for allegedly creating unauthorized bank and credit card accounts.

Fraud Prevention
PYMNTS Daily Data Dive: Fraudsters Capitalizing On Digital Space
August 30, 2016

Fraudsters are winning the cybersecurity war, and are increasingly targeting digital goods transactions, which show a three-fold increase in attacks over the four quarters ending March 2016. Food and beverage transactions are another popular target; this sector shows a 116 percent increase during the same...

Fraud Prevention
Electronics Retailer Seeing (And Fighting) Increasing Number Of Fraud Attacks
April 20, 2016

Everyone said that fraud would move online in the U.S. post-EMV—and we now have proof that it has. A new report by PYMNTS and Forter shows that the rate of online fraud attacks has jumped by 11 percent since October, and by 215 percent since...

Fraud Prevention
Online Fraud Attack Rates Soar Since October
April 19, 2016

Everyone said that fraud would move online in the U.S. post-EMV—and we now have proof that it has. A new report by PYMNTS and Forter shows that the rate of online fraud attacks has jumped by 11 percent since October, and by 215 percent since...

Benchmarking Hackers And Their Attack Methods
February 18, 2016

Hackers are on the loose and coming to an online merchant near you. In droves. In fact, the rate of fraud attacks is up 163 percent from 2015 – and luxury retail is at the top of the fraudsters' checklists. PYMNTS and Forter have teamed...