Contribution from freelance writer Jenny Holt According to the Association of Certified Fraud Examiners, a typical organization loses 5% of revenue every year to fraud. For businesses, online fraud typically manifests itself in the form of credit card fraud, identity theft, mobile phone transaction fraud, international purchasing fraud, phishing scams, and downloaded malware that collects… Read more »
Written by James Melton for Internet Retailer. For roughly $700 per month, the owner of VapeSociety.com and VapeMood.com eliminated chargebacks of up to $5,000 per month. Cesar Campos thought chargebacks for fraudulent credit card purchases of $3,000-$5,000 per month were going to be a regular cost of doing business. Campos, marketing director of Campos Inc…. Read more »
Article originally posted on CPI Financial, written by Isla Macfarlane. A survey conducted by Kaspersky Lab and B2B International suggests that banks and payment organisations are finding it difficult to manage online financial fraud in today’s connected and complex technological landscape. The explosive growth of e-payments, combined with new technological developments and shifting business needs,… Read more »
Today’s Tidbit: “We estimate that in the U.S. alone, the value of false declines is more than 13 times the total amount lost to actual card fraud” Al Pascual, senior vice president, research director and head of fraud and security at Javelin Strategy & Research.
Below is a guest post from one of our partners, Rand Marketing: To experts in the Magento e-commerce platform, the release of Magento 2.0 has been a bittersweet experience. We’re all very excited to see the evolution of Magento, especially after waiting so long for this new version to be released. On the other hand,… Read more »
In 2014, eCommerce fraud cost US retailers 32 billion dollars (LexisNexis true Cost of Fraud Study 2015). That amount soared 11% as fraudsters refocus their efforts on eCommerce enterprises since the implementation of EMV chip technology that makes brick and mortar store transactions more secure. Unfortunately, as fraud prevention methods get more sophisticated, so do the… Read more »