New data from Jumio revealed that online fraud, which had been steadily increasing globally between 2014 and 2016, dropped 17 percent in 2017. During the holiday shopping period of Black Friday through Cyber Monday, fraud dropped 33 percent.
For the first time in recent years, credit card fraud -- which remains the highest fraud type for online retailers -- has dropped from 59 percent of total fraud found in the 2016 holiday week to 42 percent of total fraud found in 2017 the holiday week.
A new report reveals that businesses across industries are experiencing more sophisticated fraud attempts across multiple customer-not-present channels.
A new study reveals there is a lot retailers can do to boost future revenue by more effectively managing online purchase returns and fraud detection processes.
A benchmark study on employment background screening revealed more than eight out of ten employers found resume fraud that includes embellishments or outright lies on job applicant resumes in the last year.
Every dollar of fraud to merchants and firms in the retail and financial services sector is estimated to cost $2.66 on average, said a new fraud report.
According to the 2017 Debit Issuer Study, U.S. financial institutions substantially increased issuance of chip debit cards in 2016 and experienced reduced fraud losses.
Shoddy installation of solar panels and leasing lemons vehicles are leading high on the list of complaints to state and local consumer protection agencies last year across the country.
