Credit Card & Online Fraud

Serious Scamdemic of pandemic fraud attacks

Inside the growing payments and financial “scamdemic”

There’s no question e-commerce is booming for many reasons during the global pandemic. There’s one other huge growth industry during this same timeframe. It’s something I call a ...
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coronavirus masks 3

US coronavirus scammers break $100 million barrier

Not only is COVID-19 wreaking havoc on the health and finances of consumers around the world, but scammers are also having a field day, surging past $105 million ...
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chargeback fraud

Chargebacks: All about the direct and hidden costs to business

By Douglas Hall, Publisher, PaymentsNEXT As if shopping cart abandonment, false credit card declines, and the pandemic aren’t causing enough problems for retailers and online sellers, chargebacks continue ...
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only 38% use gift cards within 30 days

E-gift cards see 820% jump in malicious attacks in 2020

While the popularity of e-gift cards is growing, it’s also accompanied by an increase in malicious attacks with the onset of COVID-19. Among the brands protected by PerimeterX, ...
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synthetic identity fraud

Financial services see surge in online fraud during pandemic

With the rise of e-commerce and digital payments during the COVID-19, new research by TransUnion shows fraudsters are also getting in on the action. The recent report showed ...
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Postbank fraud $3.35 M

Out of Africa: Postbank scam hits 12 million South Africa bank customers

“Bank heist! How insiders stole millions and threatened the cybersecurity of more than 12 million South African bank customers.” It’s got all the makings of a made for ...
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Payments fintech PAAY exposes 2.5M credit card numbers

A large payments database owned by New York mobile payments processor PAAY left millions of credit card and other payments transactions exposed for more than three weeks before ...
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cybersecurity challenges for small business

The challenging state of small business cybersecurity

New research from business news site The Manifest shows 15% of US small businesses suffered a hack (7%), virus attack (5%), or data breach (3%) in 2019. The ...
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Ticketmaster ripoff

Ticketmaster decides ripping off consumers is okay

In a headshaking, tone-deaf move especially during the coronavirus pandemic, the brain trust at Ticketmaster has decided to add to the misery of consumers who bought tickets for ...
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global fraud grows during coronavirus pandemic

TransUnion reports both e-commerce growth and COVID-19 fraud increase

Since the World Health Organization (WHO) declared the novel coronavirus outbreak a pandemic on March 11th, new research by TransUnion identified a 23% increase in weekly e-commerce transactions ...
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