Industry News
Fraud Blog posts tagged “Industry News”.
124 Data Breaches Were Announced in the First Two Months of 2018 Following a Record-Setting 2017
There were nearly 17 million identity fraud victims in the United States in 2017, more than ever before. This increase is likely supported…
Nov 5, 2021 · 2 min read Industry NewsAlibaba Exceeds $25 Billion in Purchase Volume on Single’s Day
Alibaba shattered previous sales records on Single’s Day in China, the largest global online shopping day of the year, reaching $25.3…
Nov 5, 2021 · 2 min read Industry NewsAlibaba’s Singles Day Sales Exceed US Online Sales from Thanksgiving Through Cyber Monday
Alibaba, China’s largest online company, reported gross merchandise value (GMV) of $30.8 billing on Singles Day or 11/11. This metric,…
Nov 5, 2021 · 1 min read Case StudiesAmazon Increased Conversion Additional 36% After Fixing Early Issues on Prime Day
According to marketing analytics data from Jumpshot, when Amazon’s Prime Day kicked-off on Monday July 16 their daily sales conversion rate…
Nov 5, 2021 · 2 min read Industry NewsApple to Offer Text P2P Transfer and Stored Balance Account with Apple Pay Cash Card
The new Apple iPhone and operating system are set to launch in September and include new features likely to grow adoption of Apple Pay and…
Nov 5, 2021 · 3 min read Fraud PreventionApplication Fraud Cost US Financial Institutions over $2.2 Billion in 2018
Issuing banks and financial institutions lost over $1.6 billion from stolen or synthetic identities used in credit card applications plus…
Nov 5, 2021 · 2 min read Industry NewsCapital One Acquires ATO Alert Company Confyrm
Capital One, one the largest card issuers in the United States, has acquired Confyrm, a technology startup focused on reducing account…
Nov 5, 2021 · 2 min read Industry NewsConsumers More Concerned with Fraud than Overspending During Holiday Season
A recent survey from CaptialOne found that 26 percent of consumers believe Cyber Monday is the riskiest day of the year to shop online…
Nov 5, 2021 · 1 min read Industry NewsCustom Modeling for Risk Management Requires Human Element, Not Just AI
While there is value in leveraging Artificial Intelligence for modeling and analytics to detect cyber threats and fraud, security…
Nov 5, 2021 · 2 min read Industry NewsCyber Monday and Black Friday Reach Record Highs Totaling More Than $14 Billion in Online Sales
Cyber Monday 2018 was the largest online shopping day recorded in the U.S. with $7.9 billion in sales volume, according to Adobe Analytics.…
Nov 5, 2021 · 1 min read Fraud PreventionCyber Weekend Fraud Declines See 30% Increase Year-Over-Year and 50% Increase Relative Rest of Year
The number of order attempts declined for suspected fraud increased by nearly 30 percent year-over-year for orders between Thanksgiving and…
Nov 5, 2021 · 1 min read Industry NewsFederal Reserve to Launch Real-Time Payments System called FedNow by 2024
The U.S. Central Bank will embark on its biggest investment in payments since becoming an ACH operator more than forty years ago. FedNow…
Nov 5, 2021 · 2 min read