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 security improvements seriously. Sophisticated fraudsters in foreign countries filing applications in bulk. The scale of US unemployment ...
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Credit Card & Online Fraud
Credit Card & Online Fraud
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 Russian ransomware attack infiltrating operations of one of the largest US beef producers, Brazilian-owned JBS. The attack ...
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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, and other personal data for more than 100 million users. CPR outlines how lax security and the ...
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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 is a big part of the fraud picture. According to Sift’s Q1 2021 Trust & Safety Index ...
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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 BAE Systems Applied Intelligence shows a substantial jump in new pandemic-related threats, along with more significant security ...
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By Jeff Domansky, April 5, 2021 The New York Times recently broke the story about a payments scam by the Trump 2020 campaign as it struggled at the height of last fall’s election. Radio conspiracy host Rush Limbaugh raised dire warnings about the struggling Trump ...
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By Rafael Lourenco, EVP, and Partner, ClearSale March 25, 2021 As the world pivoted to online shopping, work, and learning last year, the timeline for mobile usage growth jumped ahead by two to three years in the first half of 2020. Many retailers rolled out shopping ...
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By Ron Hynes, CEO of Vesta March 22, 2021 Global losses from payment fraud tripled from 2011 to 2020, and card-not-present (CNP) fraud is proving to be among the most pervasive. Some analysts estimate that retailers will lose $130 billion globally to CNP fraud by ...
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By Jeff Domansky, March 17, 2021 New research from Aite Group shows 47% of US consumers experienced financial identity theft (application fraud in their name or account takeover) in the past two years. In 2019, losses from identity theft cases were $502.5 billion and rapidly ...
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By Jeff Domansky, March 9, 2021 Consumers quickly embraced e-commerce and online payments last year while fraudsters high-fived with record purchase scams, impersonation, money mule schemes, and account takeover scams. A new report from risk management platform Feedzai surveyed 2020 fraud results and painted a ...
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