A new quarterly analysis of global online fraud trends found the telecommunications, e-commerce, and financial services industries were increasingly impacted along with Millennials among the victims most targeted by fraudsters using COVID-19 scams. Global fraud and identity solutions company Trans Union used the March 11, ...
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Cybersecurity
Cybersecurity
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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Last week, both the FBI and the IRS issued warnings of increased business and consumer fraud during the COVID-19 pandemic. Research from security experts at Proofpoint shows the problem is Business Email Compromise (BEC) has been growing exponentially in the past year and accelerating during ...
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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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The good news is US Black Friday weekend holiday sales grew an estimated 19.7% according to Adobe Analytics. The bad news according to LexisNexis® Risk Solutions (LNRS) is that fraudulent sales grew substantially as well, including a big jump in cyberattacks by bots and mobile ...
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By Ronan David, EfficientIP The financial services industry has a target on its back. Not from the typical regulatory or compliance issues, or even actual business performance. In this case, the focus is on the fact that these companies are hosting the personal and financial ...
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