In 2019, an estimated 10% of the dollar value that reaches online checkout will fail payment authorization, resulting in approximately $340 billion worth of potential eCommerce revenue going unrealized. An estimated 70% of these orders are placed by legitimate customers who can afford the purchase.
Since customers...
Despite the harsh reality that card not present (CNP) fraud is a serious problem that which is only getting bigger, senior management is not giving this issue the attention that it deserves.
Some executives fail to recognize the correlation between fraud management and the organization's overall growth and...
British Airways has discovered that hackers compromised payment card data and personal details for 185,000 more customers than it had originally suspected and that its systems were first breached not in August, but April. The airline now counts 429,000 data breach victims.
Not only do holiday sales start earlier every year, over the past 20 years we've witnessed the birth of new cyber holidays. Data from previous holiday seasons reveals that shopping behavior and fraud trends are not consistent throughout he holiday season but are in fact comprised of four sub-seasons, each with its...
In an increasingly digital world, where players from virtually all sectors are racing to innovate, the risk of data theft is very real. The payment card industry has defined standards for protecting cardholder account data. But what about other data types? And what can be learned from payment card industry standards?...
There is greater awareness to the proliferation of mobile threats, and yet many organizations still underestimate their own vulnerabilities.
Mobile security should be taken just as seriously - if not more so - as traditional endpoints. Every employee behind a desktop computer also has at least one mobile device...
There is greater awareness to the proliferation of mobile threats, and yet many organizations still underestimate their own vulnerabilities. Brian Duckering of Symantec discusses the rise and maturity of mobile threat defense.
If you hold, share or have access to important information, you should assume your smartphone has already been hacked.
Unprotected smartphones could pose the greatest security risks to governments, enterprises and individuals. Consider what's at stake and prevent hackers from capitalizing on your...
The latest edition of the ISMG Security Report features an analysis of a new Government Accountability Office report on the causes of last year's massive Equifax breach. Also: An update on the role of tokenization in protecting payments.
The British Airways breach, in which up to 380,000 website and mobile users' payment card details were stolen, traces to card-scraping code injected into a script on the airline's website by the cybercrime group called Magecart, says security firm RiskIQ.
The scale of connectedness we're experiencing is unprecedented. The pace of change and technology advancement in recent years could be compared to another industrial revolution. But the connectedness that allowed us to bring the power and security of the Visa network to each transaction in real time, also created the...
In the past six months, more than 7,000 sites that run Magento e-commerce software have been infected with malicious JavaScript designed to harvest customers' payment card details as they finalize their orders, a security researcher warns.
For retailers, the benefits of selling gift cards extend well beyond the initial revenue. The purchase ensures a future shopping trip, and when redeeming gift cards, customers spend an average of 20% more than the value of the card. Considering their widespread popularity (93% of US consumers receive or give at least...
Successfully committing Card Not Present (CNP) fraud hinges on the thief's ability to convince the merchant that they are, in fact, the legitimate card holder. But when it comes to shipping, a fraudster can't flat out lie about their location - because then they won't get their goods! There are tricks that these...
According to a recent global fraud study, over 90% of eCommerce merchants use the same tools to manage fraud across both web and mobile transactions. While over 80% of merchants support mobile shopping, only 52% track fraud rates by channel.
As mCommerce becomes more prominent, neglecting to adjust fraud management...
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