Cybersecurity

Cybersecurity

IRS tax fraud cost $1.6 billion in 2017
Credit Card & Online Fraud Cybersecurity Slider

Are tax pros ready for a new breed of tax fraudsters?

With the April 15 US tax deadline passed, were tax professionals really ready for a new breed of tax fraudsters? We’re not talking about the President and his tax return issues. We’re seeing a new breed of sophisticated tax fraudsters systematically attacking the US taxation ...
Read more
Ransomware payment downtime costs
Cybersecurity Slider

Q1 ransomware rising, cost to business building

Coveware’s Q1 Ransomware Marketplace report shows an alarming increase in ransomware incidents and the impact and costs to business in the first quarter of the year to clients of the security company. The average ransom increased by 89% to $12,762 compared to $6,733 in Q4 ...
Read more
Watrix AI
Cybersecurity E-commerce Mobile Payments Slider

Forget QR codes, pay with a smile

In China, more than 580 million people made a payment with their mobile phone last year and 68% used a mobile wallet for off-line payments. In many cases, this increasingly cashless society uses QR codes for purchases atlocations including noodle shops, fast food restaurants, electronics ...
Read more
identity theft continues to grow
Banking Credit Card & Online Fraud Cybersecurity Slider

Sophisticated fraud grows, losses double in two years

The 2019 Identity Fraud Study, released by Javelin Strategy & Research, contains good news mixed in with the bad according to the report. The good news is payment card fraud dropped from $8.1 billion in 2017 to $6.4 billion and the number of incidents fell ...
Read more
UK invoice fraud
Banking Credit Card & Online Fraud Cybersecurity Retail

50% of UK businesses at risk of invoice fraud

New research from Santander Business shows that half of UK businesses are at risk of invoice fraud because they do not check invoices diligently. The survey says only 50% of UK businesses verify details in email invoices, leaving them at risk of invoice fraud. 40% ...
Read more
cybersecurity and online fraud myths
Credit Card & Online Fraud Cybersecurity E-commerce Slider

Myths vs facts: Exposing 3 misconceptions in payments fraud and security

In our bustling e-commerce landscape – today’s most competitive market – it’s hard to believe that many online merchants, particularly those based in the U.S., avoid access to global transactions. When considering U.S. cross border e-commerce is expected to bring in $203 billion by 2021, ...
Read more
biometrics authentication
Cybersecurity E-commerce Payments Technology Slider

Biometrics Drive the Future of Payments

by Ned Hayes, General Manager, SureID It’s Monday, and you need a little brain fuel in the form of caffeine intake. When you pull up to the ordering station, you name your drink. When you order, you tap the kiosk with one finger. A moment ...
Read more
Experian 2019 data fraud report
Cybersecurity E-commerce Payments Research Payments Technology Slider

70% of consumers will share data with benefits

Tightly woven into e-commerce and payments are the critical issues of trust and privacy for consumers. Experian’s Global Identity and Fraud Report found that 74% of consumers see security as the most important element of their online experience, followed by convenience. Security and convenience are ...
Read more
data security
Credit Card & Online Fraud Cybersecurity Slider

Nearly half billion US personal records stolen in 2018

There’s good news and bad news about identity theft in 2018 according to a new report from the Identity Theft Resource Center (ITRC). The good news is the number of US data breaches decreased from a 2017 all-time high of 1,632 breaches by 23% to 1,244 ...
Read more
bad bot attacks
Cybersecurity Slider

Watch out, malicious bots are coming for your business

The problem of bad bot attacks online is growing fast and it’s going to get worse before it gets better. Most organizations are unprepared to quickly identify and eliminate malicious bots attacks according to the latest study from Osterman Research. The study, sponsored by Cequence ...
Read more