Credit Card & Online Fraud

Credit Card & Online Fraud

Postbank fraud $3.35 M
Banking Credit Card & Online Fraud Cybersecurity

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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Credit Card & Online Fraud Cybersecurity

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
Credit Card & Online Fraud Cybersecurity

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
Credit Card & Online Fraud E-commerce Payments Trends

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
Credit Card & Online Fraud Cybersecurity E-commerce

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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loyalty program fraud up 89%
Credit Card & Online Fraud Cybersecurity Loyalty

Loyalty program fraud growing fast; merchants unprepared

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 ...
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iGaming fraud report
Chargebacks Credit Card & Online Fraud Cybersecurity

Scams plague online gaming industry, Super Bowl too

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 ...
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Australia brushfires
Credit Card & Online Fraud Cybersecurity

Latest Magecart e-commerce attack hits nonprofit Australian brushfire donors

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 ...
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15% of 2019 e-commerce sales were fraudulent
Chargebacks Credit Card & Online Fraud E-commerce

15% of US online holiday sales potentially fraudulent

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 ...
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risk
Credit Card & Online Fraud E-commerce

TransUnion fraud survey highlights merchant holiday sales risks

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 ...
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