online payment
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims report the card stolen and the bank replaces it, …
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, …
Fraudsters have found creative ways to scam some businesses
70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to …
AI strengthens banking’s defense against fraud
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, …
Organizations are racing against time to meet the PCI DSS 4.0 deadline
Payment data security concerns remain widespread as organizations undertake significant lift to meet the PCI DSS 4.0 deadline, according to Bluefin. 94% of survey respondents …
The road ahead for ecommerce fraud prevention
Ecommerce platforms are incorporating sophisticated fraud detection measures, but fraudsters, too, are refining their strategies. In this Help Net Security interview, Eduardo …
PCI Secure Software Standard 1.2 released
PCI Security Standards Council (PCI SSC) published version 1.2 of the PCI Secure Software Standard and its supporting program documentation. The PCI Secure Software Standard …
Online payment fraud is evolving
E-commerce fraud is expected to cost merchants in excess of US$48 billion globally in 2023, up from over $41 billion in 2022 according to Juniper Research. It predicted that …
Alternative payment methods are creating new fraud risks
A Juniper Research study found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. It predicted …
62% of consumers see fraud as an inevitable risk of online shopping
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to a research released by Paysafe. Consumers across North America, …
How financial institutions are improving customer experience with fraud prevention measures
Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one …
Contactless is reigning: Consumers can’t even remember their PIN
Marqeta has released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. …