The 5 most common types of travel fraud (and how to fight them)
In the travel industry, trust is everything – but fraud is quietly chipping away at it, costing over $25 billion annually. Here are the top threats and how to protect your business… 1. Fake bookings and stolen credit cards Fraudsters use stolen card details to make bookings, which later result in chargebacks after services are delivered. Fight […]
6 common online payment fraud trends and how to avoid them
The rise of e-commerce has brought convenience, but it’s also attracted fraudsters. With online payment fraud costing businesses billions, it’s crucial to understand the dangers and how to protect against them. Here are six of the most common fraud trends and how to outsmart them: Despite these threats, digital payments are the future. Stay informed, […]
WHITEPAPER: The threat of cyber fraud for Ecommerce: how to protect your business
Cybercrime and online fraud are a real threat to consumers and organisations, that have been growing exponentially in the past years, with predictions in the future to keep expanding and present new risks, with the further and continuous development of technology to open new opportunities for fraudsters. No wonder, the cybersecurity sector is thriving in […]
How fraudsters are taking advantage of omnichannel retail – and how to fight back
Ever quick to adapt their tactics, fraudsters are wasting no time finding new ways to exploit opportunities in a world of fast digital payments and increasingly connected commerce. Growing instances of fraudsters paying for an item online and then cancelling the payment directly before collecting, or using stolen credit cards and false identities to create […]
INDUSTRY SPOTLIGHT: Kount – Combining AI machine learning to tackle fraud and identity theft
“eCommerce purchases are expected to grow 10.4% in 20231. However, over £1.2 billion was stolen by criminals through authorised and unauthorised fraud in 2022, equivalent to over £2,300 every minute2.” The speed with which digital innovation has exploded presents new fraud challenges that require a fast and agile response. Businesses face dual pressures: innovate and […]
How the most trusted brands are winning the fight against Account Takeovers
Account takeovers (ATOs) continue to plague digital businesses. ATO attacks increased by 90% in 2021 alone, according to Javelin Research. They have become so widespread that a Security.org report estimates that one in five households have been victimized, resulting in an average loss of $12,000 per ATO attack. An ATO is a type of identity theft […]
Striking the Right Balance: How advanced digital identity verification can reduce friction and improve trust
By Telesign At the core of any flourishing online business lies the assurance of a secure and trustworthy environment for buyers and sellers to transact. Trust is the foundation upon which online businesses are built, and the presence of fake users can severely harm the business and damage the user experience. Therefore, preventing fake accounts […]
Payment fraud against fintech companies soars by 70%
The payment fraud attack rate (the rate of fraudulent transactions blocked out of total transactions) across fintech ballooned 70% in 2021—making it the highest increase across any vertical. That’s according to Sift’s Digital Trust & Safety Index, which details the increasingly sophisticated—and often automated—tactics cybercriminals leverage to commit payment fraud. According to Sift’s analysis, derived […]
Finally, a real alternative to cards for e-commerce and contact centre payments – Open banking payments
By Ordo As businesses have digitised, payments had to follow suit. The only option for taking these remote payments, to date, has been with credit and debit cards. But cards are expensive and increasingly complex to support operationally, and fraught with fraud. New open banking payments regulation and technology has allowed innovative regulated payments institutions […]
Risky business – Why tackling cyber-security and fraud is key to post-pandemic retail success
By Angel Grant, Director of Digital Risk Solutions at RSA Security Retail has always been one of the most popular targets for fraud and cybercrime. Hardly surprising, given their complex supply chains, cyber-immaturity relative to other sectors, and the huge volumes of customer data they often possess. But the rush to digitalise during the pandemic […]
