Fraudulent transactions where a credit card is not physically presented to a merchant—increased significantly from Black Friday to Cyber Monday 2016 when compared to the same period in past years.
Iovation research shows a 20-percent increase in online retail credit card fraud during the 2016 holiday shopping weekend when compared to the same period in 2015, and a 34-percent increase in online credit card fraud from Black Friday to Cyber Monday 2014 to 2016. In addition, Iovation disclosed: