Industry News
Fraud Blog posts tagged “Industry News”.
Nearly 90 Percent of U.S. eCommerce Sales are Domestic, Here are Several Reasons Why
A recent study from PPRO and Edgar, Dunn & Co. found that while about 40 percent of online sales in European countries are made to…
Nov 5, 2021 · 3 min read Data BreachNearly Four Thousand Data Breaches, Four Billion Records Compromised in First Half of 2019
More than 3,800 data breaches occurred in the first half of this year, a 54 percent increase from the first half of 2018. The number of…
Nov 5, 2021 · 1 min read Fraud PreventionNearly Nine-in-Ten Organizations Experienced Spear Phishing Attacks; Over Half Fell Victim in 2019
According to a survey of over 600 IT security professionals across seven countries, 88 percent of organizations saw spear phishing attacks,…
Nov 5, 2021 · 3 min read Data BreachNumber of Records Compromised in U.S...
...Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs Nearly 1,600 data breaches occurred in the United…
Nov 5, 2021 · 2 min read Fraud PreventionNYPD Trials New Skimming Detection Device “Skim Reaper”
A computer science professor and two graduate students invented a device used to check ATMs and card readers to detect the presence of a…
Nov 5, 2021 · 2 min read Fraud PreventionOne-in-Five Phishing Emails are Sent from Compromised Email Accounts
Fraudsters find more success with getting phishing campaigns delivered as well as with open and click rates when sending from an existing,…
Nov 5, 2021 · 1 min read Industry NewsOne Million Victims and $2.6 Billion Loss to Child Identity Theft in 2017
While 19 percent of US adults who were notified of a data breach fell victim to identity fraud last year, more than twice as many children…
Nov 5, 2021 · 2 min read Industry NewsOnline Order Returns Spike Post Holidays
Private courier UPS has declared January 2nd National Returns Day, the busiest package return day of the year, and prepared to handle…
Nov 5, 2021 · 2 min read Case StudiesPayPal Completes $120 Million Acquisition of Simility
PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility…
Nov 5, 2021 · 1 min read Industry NewsProcessors Prepare for Increasing Merchant Chargeback Losses and Look to Increase Reserves
A FinTech lawyer reported that as many as one-fifth of his merchant clients have been contacted by their payment processors about the…
Nov 5, 2021 · 2 min read Industry NewsPutting the Use of Apple Pay and Mobile Payments in Perspective
Although the number of Apple Pay users worldwide more than doubled in 2017, this represents just 16 percent of iPhone owners that have…
Nov 5, 2021 · 2 min read Fraud PreventionSecure Consumer Authentication (SCA) Required for Intra-European eCommerce Beginning September
To maintain compliance with the European Union’s Second Payment Services Directive (PSD2), merchants in Europe will have to perform Secure…
Nov 5, 2021 · 2 min read