Credit Card & Online Fraud

global payment news roundup

Dec 22: Global payments news roundup

Welcome to our final payments news roundup and post for this year. A new Nilson report says we can look forward to $408.5 billion in losses globally due ...
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Thanksgiving 2021 sales

Black Friday payment perspectives: Sales down, supply chain challenges up

By Jeff Domansky With Black Friday sales over and the holiday shopping season well underway, let’s take a look at how merchants and the payments industry fared. First, ...
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Robinhood data breach exposes 7 million clients

Data of 7 million Robinhood customers breached by hackers

By Jeff Domansky The same day US DOJ officials held a news conference high-fiving their success in charging two international ransomware hackers, online discount stockbroker Robinhood revealed intruders ...
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online fraud growing

Financial fraud ramps up as holiday shopping season looms

By Jeff Domansky The biggest question in many retailers’ minds is whether fraud will take a front seat during the critical 2021 holiday shopping season that kicks off ...
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Global CNP fraud hits 13% with costs to merchants rising fast

By Jeff Domansky A 15-month research study by global payments provider Vesta shows that from 10% to as many as 13% of card-not-present (CNP), online transactions may be ...
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US benefits fraud tsunami

Could US unemployment payment fraud tsunami hit $100 billion-plus?

By Jeff Domansky Ramped up demand for unemployment benefits during the pandemic. Fraud detection budget cuts during previous low unemployment. Federal and state governments failure to take widespread ...
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hamburger cybersecurity

Russian ransomware attacks American BBQ plans – citizens outraged

By Jeff Domansky, June 3, 2021 The world of cybersecurity is not on the radar of the average American. That is, until yesterday when news broke of a ...
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mobile app security risks growing

Lazy Android app cloud security exposed data for 100 million+

By Jeff Domansky, May 25, 2021 Last week, Check Point Research (CPR) released a study showing misconfiguration of third-party services by mobile app developers exposed emails, passwords, names, ...
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global online fraud growth 2020

Global payment fraud jumped 69% in the past year

By Jeff Domansky, May 13, 2021 Cybercrime is incredibly profitable for fraudsters. Experts estimate more than $1 trillion was lost globally to cybercrime in 2020, and payment abuse ...
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cybercrime growing

Pandemic fraud & cybercrime hitting banks hard

By Jeff Domansky, May 5, 2021 Three-quarters of financial institutions (74%) saw a significant spike in Covid-related fraud and cybercrime in the past 12 months. New research by ...
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