The Fraud Blog
News, research, and analysis on eCommerce payments and fraud prevention.
TSYS Enters Consumer Prepaid Market with Acquisition of NetSpend
Back-end processor TSYS finalized their acquisition of prepaid card firm NetSpend on July 1 as TSYS completed the $1.4 billion transaction…
Nov 3, 2021 · 1 min read Fraud PreventionTwitter Implements Non-SMS based Two-Factor Authentication
Twitter joins Google and Facebook as another internet titan that offers more security conscious consumers the ability to use two-factor…
Nov 3, 2021 · 2 min read Industry NewsVisa Expects 50 Billion Contactless Payments per Month in Europe by End of this Year
Visa has strong expectations for the growth of contactless payments in Europe estimating that 52 million contactless payments will be made…
Nov 3, 2021 · 2 min read Case StudiesWebsite sells tens of thousands of counterfeit credit cards
The FBI and US Postal Inspection Service recently assumed control of fakeplastic.net, a massive and well organized online operation selling…
Nov 3, 2021 · 1 min read Industry NewsWebsites Can Let Customers Checkout Through Amazon
Amazon is reemerging as a third-party payment provider leveraging the hundreds of millions of Amazon buyers that already trust their…
Nov 3, 2021 · 2 min read Industry NewsACFE Reports on Detecting, Preventing Workplace Fraud
A recent survey and report from the Association of Certified Fraud Examiners focused on fraud occurring at the workplace. The study…
Nov 2, 2021 · 2 min read Data BreachAdobe Breach Compromises 150,000 Customer Records
After a hacker posted a sample of compromised records online Adobe confirmed a breach affecting 150,000 customers through a vulnerability…
Nov 2, 2021 · 1 min read Fraud PreventionAmidst Organized Attacks Against Two Major Banks, Cyber Threat Level Raised to “High”
After distributed denial of service attacks disrupted Bank of America and JPMorgan Chase websites in late September the Financial Services…
Nov 2, 2021 · 2 min read Data BreachAnonymous Posts Bank Exec Data Stolen from the Federal Reserve
The personal information of over 4,000 banking executives was stolen from a compromised server at the Federal Reserve and then posted…
Nov 2, 2021 · 2 min read Industry NewsAnonymous Warns They Will be Active in 2013, but McAfee Report Predicts their Decline
Over the final weekend of 2012 hacktivist group Anonymous released a video and statement that they will be busy in 2013 citing the notable…
Nov 2, 2021 · 2 min read Data BreachAntiSec Hackers Claim Data from 12 million Apple Users Stolen from FBI
The hactivist group AntiSec, associated with Anonymous, released a list of one million Apple Unique Device Identifiers (UDIDs) while…
Nov 2, 2021 · 2 min read Merger & AcquisitionsApple Acquires Mobile and Network Security Firm AuthenTec
On July 27 Apple acquired AuthenTec, who provides encryption technology, fingerprint sensors and identity management software, for $356…
Nov 2, 2021 · 2 min read