fraud
Fraud Blog posts tagged “fraud”.
Woman Steals Nearly $1M Repeating Rudimentary Fraud for 7 Years
A woman working for the New York State Housing Trust Fund stole $944,000 from 2004 to 2011 by altering money orders given to her employer…
Nov 1, 2021 · 1 min read fraudZappos Suffers Data Breach, Now Faces Class Action Suit
Zappos, the large online shoe retailer owned by Amazon, announced a data breach on January 15th compromising 24 million consumer records.…
Nov 1, 2021 · 2 min read fraudblogBanco Santander to Acquire Wirecards’s Technology Assets
Following a series of accounting fraud scandals that resulted in the insolvency of German processor and payments provider Wirecard AG,…
Sep 29, 2021 · 1 min read Fraud PreventionWho Will be Displaced by Amazon’s New Fraud Detection Service?
Fraud solution providers need to be prepared to competitively position and message against the new Amazon Fraud Detector risk modeling…
Sep 29, 2021 · 5 min read fraudT-Mobile Data Breach Compromises Millions of Consumer Records, Including SSNs
T-Mobile is currently investigating the extent of a data breach before officially disclosing the number of customers impacted. This follows…
Sep 28, 2021 · 2 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 fraudIs Model-Based Fraud Scoring right for your business:
Model-Based Fraud Scoring is a technique used by merchants to predetermine the level of risk involved with an order in a card-not-present…
Sep 17, 2021 · 3 min read fraudKeeping a Close Eye on the SCA Regulations Influencing the Global Payments Industry
The EU has set the stage with its SCA (Strong Consumer Authentication) regulations designed to make digital payments more secure. The goal…
Sep 17, 2021 · 2 min read fraudMore than 36 percent of Consumers Admit to Friendly Fraud
More than 36 percent of consumers admitted to falsely claiming a transaction was unauthorized or fraudulent while 31 percent falsely…
Sep 17, 2021 · 1 min read fraudShould Legacy Rules-Based Systems be Ruled Out as New Marketplaces Emerge?
The accelerations in eCommerce Delivery, Marketplaces and the gig economy have companies scrambling to make better decisions, faster.…
Sep 17, 2021 · 2 min read authenticationThe Cost of Friction Versus Security with New SCA Mandates
In Europe, digital retail payments were to become more secure and less susceptible to fraud with the introduction of SCA. Yet a new…
Sep 17, 2021 · 2 min read fraudThe Rise of Machine Learning and AI in the Fraud Prevention Industry
13% of organizations today have adapted Machine Learning and AI into their fraud detection protocols. Another 25% of organizations plan on…
Sep 17, 2021 · 2 min read