“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 the movies bank robbery. This was a criminal plot to steal the 36-digit code and “master key” ...
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Credit Card & Online Fraud
Credit Card & Online Fraud
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 a security researcher found the security failure. Security researcher Anurag Sen discovered the database on PAAY’s server ...
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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 good news is nearly two-thirds of business owners and managers claimed they will increase their cybersecurity resources ...
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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 concerts now canceled, postponed or delayed indefinitely due to the COVID-19 crisis. If you need a refund ...
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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 the following week. While somewhat predictable, the growth in the e-commerce transactions was also accompanied by an ...
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When it comes to loyalty program fraud, merchants are unprepared, and consumers are uninformed about the risk to their personal information and their hard-earned rewards according to e-commerce fraud prevention experts Forter. Loyalty program fraud is growing fast and merchants are simply not ready to ...
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In the run-up to the Super Bowl LIV, iovation released its 2020 iGaming Report, providing an analysis of more than 4 billion online gambling transactions from the past 15 years and screened for fraud by the company. The biggest reported fraud for the third year ...
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What do these companies all have in common? British Airways, Ticketmaster, Newegg, Delta Airlines, Sears, Proctor & Gamble, and Macy’s. If you’re in the payments industry, you might think that the high-level security of their e-commerce and online customer data might be a common thread. ...
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When it comes to online fraud, US Thanksgiving was a turkey for online sellers as online fraud jumped 29% compared to 2018 according to new research from fraud prevention firm iovation. The company estimates 15% of total holiday long weekend online sales were potentially fraudulent. ...
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With Black Friday and Cyber Monday approaching, online sellers are gearing up for the most important sales event of the year. Unfortunately, fraudsters are also gearing up and consumers are concerned. According to a new report from TransUnion, nearly half of consumers (46%) are worried ...
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