Articles Tagged with ''fraud''

identity theft, fraud prevention, cybersecurity, data theft

Adapting your fraud strategy to meet customer expectations

December 23, 2020

Relying on outdated fraud prevention and identification measures will no longer cut it, and businesses that don’t adapt will lag. As people continue to work, collaborate and socialize via their mobile devices, businesses must equip themselves with technology and tools that will prioritize fraud prevention. If not, companies risk losing their customers to those who have invested in more robust solutions.

Fraudsters bank on targeted, high-value attacks during 2020 holiday shopping season

December 23, 2020

Sift released its Q4 2020 Digital Trust & Safety Index: Holiday Fraud and the Shifting State of E-commerce, which revealed that fraudsters are executing larger and more targeted attacks this holiday season. Derived from Sift’s global network of over 34,000 sites and apps, the Index found the average attempted fraudulent purchase value rose to over $700 from October through November 2020, a 70% year-over-year increase during the same period in 2019.

Global account fraud decreased 23% in 2020

Report also found that the catch rate for selfie fraud was five times greater than for ID fraud, highlighting the growing importance of capturing a selfie during onboarding to deter new account fraud

December 17, 2020

New data from Jumio reveals that new account fraud based on ID verification declined 23.2% worldwide YTD in 2020, compared to 2019 results. At the same time, selfie-based fraud rates were five times higher than ID-based fraud. This illustrates the growing number of stolen ID documents available on the dark web for purchase and, more importantly, the growing need to determine if an ID is authentic and belongs to the user.

Study: Consumers Rely on Context when Sharing Information/information security, personal information theft, consumer trust, retail security

Mitigating fraud in the age of BOPIS: Where retailers can make a change

Praveksha Maharaj

December 7, 2020

Before the pandemic, buy online, pickup in store (BOPIS) became hugely popular to consumers who didn’t want to have to wait for items to be delivered, pay for shipping or for those that wanted to avoid shopping in store altogether. However, as retailers adopted BOPIS, its rise flipped a switch and increased opportunities for fraudsters, enabling them to use stolen credit card information to make purchases online and then simply arrive at the store to pick up the item. So what can retailers do to ensure their customers are staying safe? Here are a few things to consider:

CISA says there's no evidence of election fraud; 2020 election was the most secure in American history

Maria Henriquez

November 13, 2020

The members of Election Infrastructure Government Coordinating Council (GCC) Executive Committee - Cybersecurity and Infrastructure Security Agency (CISA), released a statement noting that the 2020 election was the most secure in American history.

1.3 billion bot attacks were detected in Q3 of 2020

November 13, 2020

Arkose Labs, provider of online fraud and abuse prevention technology, released new data-driven analysis of 2020 fraud trends that shows a rise in consumer digital traffic has corresponded with a rise in fraud attacks.

9 reasons digital fraud is on the rise

Jordan Reynolds

November 12, 2020

What is causing digital fraud to rise year over year? From current trends and consumer attitudes to technological enhancements and more sophisticated tactics, let’s take a look at the top nine reasons digital fraud is rapidly increasing:

How $377 million will be lost due to ad fraud in the 2020 US campaign

Jonathan Marciano

October 30, 2020

The U.S. Presidential Election has, in many ways, been digital. Spend on digital ads in the race reached $2.9 billion in 2020. This was up sharply from $0.4 billion four years ago, marking the continuing prominence of digital political campaigning since President Obama's campaign manager, David Plouffe heralded the channel as a deciding factor in the election 12 years ago. However, an increasing challenge for this online ad spend has been ad fraud. In a new study, in association with the University of Baltimore, we see that marketers will $35 billion to digital ad fraud in 2020. Ad fraud is the practice of fraudulently representing online advertising impressions, clicks, conversion or data events in order to generate revenue. In the case of the political campaigns, often money is spent reaching bots rather than voters.

Using chip technology to make data sharing safer in financial services

Michael Reed

October 21, 2020

Financial services institutions and banks around the globe face monumental challenges as they look to streamline service delivery for customer transactions, manage multi-party loan processes, collaborate on industry benchmarks and indices, and eliminate fraud and cybercrime. Historically the market has primarily relied upon manual approaches for sharing and managing transaction data. But advances in confidential computing (sometimes called CC or trusted computing), combined with federated machine learning (FML), are helping financial organizations better share data and outcomes, while alleviating many privacy and security concerns.

COVID-19 driving an acceleration in adoption of identity verification

October 14, 2020

Businesses in the UK and U.S. have been ramping up their identity verification processes in order to protect customers during the COVID-19 pandemic.

LIVE: July 8, 2026 at 2 pm EDT In this webinar, speakers will share key insights from the report, including why today’s threat environment demands greater maturity and how to evaluate your organization’s current security posture.