The Fraud Blog
News, research, and analysis on eCommerce payments and fraud prevention.
Increased Credit Limits with Fake Identities Stealing $200 Million
Eighteen members of a sophisticated fraud ring operating out of New Jersey were arrested in early February for their massive scam creating…
Nov 2, 2021 · 2 min read Industry NewsiPhone to Become Top Enterprise Smartphone, Merchants Should Prepare Accordingly
According to a recent forecast from research firm IDC, iPhones will be the top company purchased smartphone through 2016 as enterprises are…
Nov 2, 2021 · 2 min read fraudIRS May Share Information with Law Enforcement to Fight Tax Return Identity Fraud
Identity thieves filing fraudulent tax returns to claim refund checks have caused headaches for hundreds of thousands of tax payers and the…
Nov 2, 2021 · 2 min read Industry NewsIsis, PayPal, Visa Continue to Test and Develop Mobile Payment Methods
More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in…
Nov 2, 2021 · 2 min read fraudIssuing Banks Becoming More Strict with Friendly Fraud Chargeback Claims
In response to an increasing number of consumers making erroneous chargeback claims that a good was never received or a transaction was…
Nov 2, 2021 · 2 min read Data BreachLinkedIn Suffers Data Breach, Now Faces Lawsuit
Nearly 6.5 million passwords were posted on a Russian based hacker forum website and on June 6th LinkedIn confirmed that these passwords…
Nov 2, 2021 · 1 min read Case StudiesMicrosoft and Symantec Shutdown Massive Botnet
The Bamital botnet, assembled by an organized group of fraudsters to commit click fraud, infected hundreds of thousands of computers but…
Nov 2, 2021 · 2 min read PaymentsMobile Wallet Providers, Carriers, Issuers and Card Associations Form Mobile Payments Committee
The four major wireless carriers in the U.S. along with financial institutions, card associations and mobile wallet providers have formed…
Nov 2, 2021 · 2 min read Industry NewsMore Merchants Accepting Payments Over Mobile Devices, More Competitors Entering this Space
In June Square announced that they are now processing $6 billion annually while VeriFone and Intuit compete with similar product offerings…
Nov 2, 2021 · 3 min read Industry NewsNFC Retail Payments Forecasted to Reach $180 Billion Globally by 2017
In a recent report from Juniper Research it was predicted that the total global mobile payment volume will reach $1.3 trillion by 2017 with…
Nov 2, 2021 · 2 min read Fraud PreventionOFAC List Equivalents in the UK
There are many similarities to doing business online in the United States and the United Kingdom, and while similar rules or regulations…
Nov 2, 2021 · 2 min read Case StudiesOrchestrated Global Attacks Steal $11 Million with Prepaid Card ATM Withdrawals
In a highly organized and orchestrated attack, money mules across the world cashed out prepaid debit cards withdrawing millions of dollars…
Nov 2, 2021 · 2 min read