Industry News
Fraud Blog posts tagged “Industry News”.
How Consumers Really Feel About 2FA
This article looks at consumer survey and research data showing consumer preferences towards various methods of two- or multi-factor…
Oct 28, 2024 · 5 min read fraudPayment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years
Merchant eCommerce payment fraud losses on physical goods is forecasted to grow from $1 billion in 2023 to $5.1 billion in 2028 across…
Sep 14, 2023 · 1 min read fraudMerchant eCommerce Payment Fraud Losses Expected to Exceed $90 Billion Annually by 2028
A recent report from Juniper Research forecasts eCommerce merchant payment fraud losses to exceed $362 billion globally during the five…
Aug 8, 2023 · 1 min read sales insults$24 Billion in False Positives Last Holiday Season While More Consumers Admitted to Return Fraud
According to a recent study and estimates from Signifyd, the total cost of eCommerce fraud will reach nearly $207 billion this year, and…
May 16, 2023 · 2 min read paymentsFormer MasterCard CEO Ajay Banga Elected President of the World Bank
Ajay Banga, who served as MasterCard CEO from 2010 to 2020, was elected as the 14th president of World Bank in early May, following…
May 15, 2023 · 2 min read fraudNearly 60 Million Payment Cards Sold on the Dark Web in 2022 and 70 Percent were Issued in the US
59.4 million payment cards were compromised and posted for sale on the dark web in 2022 with 77 percent of these card compromised in the…
Jan 19, 2023 · 1 min read fraudMerchants Expected to Lose $41 Billion to eCommerce Fraud Globally in 2022
The total cost of eCommerce fraud to merchants is expected to reach $41 billion in 2022 then increase by 17 percent to reach $48 billion in…
Nov 15, 2022 · 1 min read ecommerceUS Online Holiday Sales Expected to Return to Single Digit Growth in 2022
Digital Commerce 360 has been tracking US online holiday sales growth since 2015 with year-over-year percentage growth in the double-digits…
Nov 4, 2022 · 1 min read data breach800+ Data Breaches and Over 53 Million Consumers Compromised in the First Half of 2022
After the first half of 2022, the number of data breaches for the year is on pace to fall below the all-time high set in 2021, but still…
Sep 7, 2022 · 2 min read synthetic identityNew White Paper: Detecting Fraud and Abuse at Account Opening
The latest free white paper from The Fraud Practice discusses the different types of attacks and fraud that organizations face at the…
Jul 27, 2022 · 1 min read data breachThe Average Cost of a Data Breach has Doubled Since 2018
The average cost of a data breach including consumer identity information in the United States reached $9.5 million in 2021, up 16 percent…
Jul 20, 2022 · 1 min read industry newsDigital Wallet Transactions to Reach $7.5 Trillion in 2022, Fraudsters Likely to Follow the Money
A recent study from Juniper Research forecasts substantial growth in payments made from digital wallets with increasing acceptance at…
May 24, 2022 · 1 min read