Cybersecurity

Cybersecurity

mobile payment fraud prevention
Chargebacks Credit Card & Online Fraud Cybersecurity

Critical pandemic lessons in mobile payment fraud prevention

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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CNP fraud is growing
Credit Card & Online Fraud Cybersecurity

Stunning Rise of CNP Fraud and How Merchants Can Fight Back

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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identity theft and account takeover
Credit Card & Online Fraud Cybersecurity

US identity theft jumps as e-commerce grows

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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Feedzai research identifies skyrocketing fraud
Credit Card & Online Fraud Cybersecurity

Online transactions soared in 2020, fraud skyrocketed too

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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PaymentWorks' fraud prevention platform
Cybersecurity Logistics Payments Technology

How universities are fighting payments fraud

By Jeff Domansky, Feb 22, 2021 When it comes to fraud, universities are just one more appealing target for cybercriminals. Like many businesses, universities are taking proactive measures to prevent B2B fraud, and they’re looking to digital identity platforms and automation to reduce their vulnerability ...
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Jan 25 global payments news
Cybersecurity Payments Trends

Global payments news roundup: Cybersecurity, false declines, digital wallet growth, Q4 VC funding, 2021 trends, real-time payments, more…

By Jeff Domansky, Jan 25, 2021 With the new US administration in town, there’s a huge volume of payment news and new developments in the payments industry, and we’ve got highlights to keep you up to speed and in the know. 12 billion records stolen ...
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cybersecurity spending growing
Cybersecurity

12 billion records stolen last year; cybersecurity spend will grow +10%

By Jeff Domansky, Jan 25, 2021 With new threats emerging and the number of attacks growing, global cybersecurity spending is expected to rise 10% in 2021, according to the latest global security forecast by Canalys. The report noted the spending increase could be reduced to ...
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Stripe cancels payment processing for Trump campaign
Cybersecurity E-commerce

Stripe stops payment processing for Trump campaign

By Jeff Domansky, Jan 11, 2021 Stripe announced it will no longer process payments for the Trump campaign website and fundraising after last week’s riots at the Capitol building in Washington, DC. On its website, the credit card processor’s terms of service say that users ...
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Trump online stores closed by Shopify
Cybersecurity E-commerce

Shopify shutters Trump online stores

By Jeff Domansky, Jan 8, 2021 Shopify closed two Trump brand stores on its e-commerce platform yesterday in response to the Wednesday violence at the Capitol building in Washington DC. Shopify shuts Trump online store The Ottawa, Canada e-commerce giant powers e-commerce stores for more ...
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B2B payments are automating rapidly
Cybersecurity E-commerce Payments Trends

3 predictions for B2B payments: Where next for ACH credit transactions?

By Thayer Stewart, CEO, PaymentWorks, Dec 15, 2020Everywhere you look, the statistics on B2B payments point to a rapid rise in the adoption of digital payments. Checks are still around, of course (and continue to cost businesses money to process), but according to a report ...
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