How cybercriminals abuse the travel and hospitality industry
The travel and hospitality industry suffers billions of losses each year due to fraud. “With the right combination of other underground services (compromised accounts, …
Human trafficking victims forced to defraud Chinese computer users
Late last week, the Croatian police executed a coordinated raid on two houses where 59 individuals were confined and forced into defrauding Chinese and Taiwanese computer and …
Credit card fraud down 29% for the first time
Iovation released data collected from its retail and e-commerce subscribers from the 2017 holiday weekend (Nov. 24 – 27, 2017). For the first time in recent years, …
Identity theft concerns won’t hold back holiday shopping
Despite concerns about identity theft and fraud, consumers don’t plan to curb their holiday shopping, according to Discover. While 62 percent of consumers are very or …
Measuring fraud trends across various industries
Businesses across industries are experiencing more sophisticated fraud attempts across multiple customer-not-present channels, according to IDology. Shifting fraud tactics and …
The tools criminals use to prepare a stolen iPhone for resale
Reselling stolen mobile phones is a lucrative business all over the globe, and iPhones are very much in demand. Whether lost or stolen, the iPhones are often locked by their …
Lending industry faces higher fraud costs than e-commerce, retail and financial services
Lenders face higher costs of fraud than other industries, including retail, e-commerce and financial services. For every dollar of fraud, lending companies incur $2.82 in …
Can it be true? Most consumers value security more than convenience
52 percent of UK consumers think fraud is an inevitable part of shopping online, according to Paysafe, a global payments provider. What are the top three challenges of …
Consumers need to stay alert as skimming grows
The number of cards compromised at U.S. ATMs and merchants rose 39 percent in the first six months of 2017, compared to the same period in 2016, according to new data from …
The untapped potential of machine learning for detecting fraud
E-commerce fraud protection company Signifyd has recently signed up behavioral analytics expert Long-Ji Lin to fill the position of Chief Scientist. “For advertisers, …
How Magecart attackers monetize stolen payment card info
The Magecart campaign, aimed at compromising online shops with malicious JavaScript code to collects payment card info, is still going strong, and researchers have pinpointed …
Internet crime: The continuing rise of the BEC scam
Through its website, the FBI’s Internet Crime Complaint Center (IC3) accepts complaints about Internet-facilitated criminal activity, and forwards them to the …