Card Fraud
Fraud Blog posts tagged “Card Fraud”.
Fraud This Holiday Season Could be Even More Difficult to Detect as Fraud Rings Expand Mule Networks
Fraudsters use money mules for laundering as well as to receive and reship goods purchased with stolen identities. A large mule network…
Nov 5, 2021 · 2 min read Industry NewsCard Fraud Costs Asian Banks $400 Million per Year and is Growing Rapidly
According to estimates from FICO, card fraud in Asia costs financial institutions $400 million each year and is increasing by 20 to 25…
Nov 4, 2021 · 2 min read Industry NewsDOJ to Congress: Amend Laws to Help us Prosecute for Overseas Fraud on U.S. Cards
While there have been many successful efforts to bring international fraudsters to justice in U.S. courts, this often requires cooperation…
Nov 4, 2021 · 2 min read Fraud PreventionFTC Focuses on Synthetic Identities as New Account Fraud Continues to Rise
According to recent data and studies, identity fraud and new account fraud continue to plague both banks and consumers, with 80 percent of…
Nov 4, 2021 · 2 min read Industry NewsNearly Half of all Global Card Fraud Losses Occur in the United States
According to The Nilson Report, global card fraud losses surpassed $11 billion in 2012 while the U.S. accounted for over 47 percent of the…
Nov 3, 2021 · 1 min read fraudUK and US Authorities Shut Down 36 Black Market Websites
An ongoing investigation conducted by the UK’s Serious Organized Crime Agency (SOCA), working with the FBI and the U.S. Department of…
Nov 2, 2021 · 2 min read fraudCounterfeit Card Ring Resold Gasoline
For several years now fraudsters have been obtaining credit card numbers by hiding skimmers in gas pumps, but a fraud ring from Central…
Nov 1, 2021 · 1 min read fraudGift Card Ponzi Scheme
A South Carolina woman was sentenced to three years behind bars after running a Ponzi scheme where she bought and resold gift cards at a…
Nov 1, 2021 · 1 min read Card FraudOnly Use Your ATM PIN at the ATM or You’ll Pay the Price
Red Bank, Sept. 1, 2008 /The FraudBlog Newsletter/ - Every time I speak publicly, or when I tell people what I do for a living, I get asked…
Nov 1, 2021 · 1 min read Card FraudPRESS RELEASE: WHEN THE FRAUDSTER IS SOMEONE YOU TRUST
Red Bank, Aug. 15, 2008 /The FraudBlog Newsletter/ - The number of articles related to internal fraud have been rising considerably over…
Nov 1, 2021 · 3 min read identity fraudeCommerce Growth Brought in by COVID-19 Brought Added Pressures to Merchant Fraud Strategies
False positives were already a pain point for merchants but exacerbated by the pandemic. It is estimated that $146 billion worth of CNP…
Sep 17, 2021 · 1 min read fraudFraudsters Raised the bar in 2020 Increasing the Average Fraud Purchase Value to Over $700
The average order value during the Black Friday weekend was up 64 percent year-over-year, but during the entire months of October and…
Sep 17, 2021 · 1 min read