One hundred ninety-three individuals suspected of traveling with airline tickets bought using stolen, compromised or fake credit card details have been detained in a major international law enforcement operation targeting airline fraudsters.
Organized retail crime (ORC) continues to grow, with 83 percent of merchants reporting an increase in the past year, according to the National Retail Foundation’s 12th annual ORC study.
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.
Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.
New data by the National Insurance Crime Bureau (NICB) shows a total of 9,600 vehicles were reported stolen in 2015 on Thanksgiving Day, Christmas Eve, Christmas Day, New Year’s Eve and New Year’s Day.
One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.
A national survey of 1,520 adults conducted March 7-April 4, 2016, finds that Facebook continues to be America’s most popular social networking platform.
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