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ecommerce
Consumer behaviors and cyber risks of holiday shopping in 2020

While consumers are aware of increased risks and scams via the internet, they still plan to do more shopping online – and earlier – this holiday season, McAfee reveals. …

BEC scams
BEC attacks increase in most industries, invoice and payment fraud rise by 155%

BEC attacks increased 15% quarter-over-quarter, driven by an explosion in invoice and payment fraud, Abnormal Security research reveals. “As the industry’s only measure of BEC …

PCI DSS
Only 27.9% of organizations able to maintain compliance with the PCI DSS

Global organizations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon report. …

cybersecurity
Tracking global cybercrime activity and the impact on the digital economy

A LexisNexis Risk Solutions report tracks global cybercrime activity from January 2020 through June 2020. The period has seen strong transaction volume growth compared to 2019 …

BEC scams
200% increase in invoice and payment fraud BEC attacks

There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. This sharp rise continues the …

PCI Council
PCI SSC updates standard for payment devices to protect cardholder data

The PCI Security Standards Council has updated the standard for payment devices to enable stronger protections for cardholder data. Meeting the accelerating changes of payment …

online shop owned
Magecart attackers hit Claire’s, Intersport web shops

Magecart attackers have compromised web shops belonging to large retail chains Claire’s and Intersport and equipped them with payment card skimmers. Claire’s The …

credit card
Is the stress of card fraud worth the digital convenience?

With a growing portion of consumers having now fallen victim to card fraud, anxiety about the security of our digital accounts is spiking, according to a survey by Marqeta. …

Alert
Pandemic driving global e-commerce growth, but fraud is on the increase too

The COVID-19 crisis is driving the global growth of e-commerce sales, with millions of consumers worldwide in quarantine shopping for goods, services and entertainment online. …

ecommerce
As consumers turn online for purchases, many are targeted by pandemic-related digital fraud

There has been a spike in digital commerce since social distancing became widespread globally, according to a TransUnion research. The research found a 23% increase in global …

hand
Online payment fraud attempts see 73% increase

Online payment fraud attempts increased by 73 percent in 2019, according to a report from Sift. Additional findings in the report reveal that cybercriminals are using mobile …

identity
More authentication and identity tech needed with fraud expected to increase

The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …

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