We no longer live in a Web only world. Consumers are increasingly interacting across multiple touchpoints, particularly digital channels. Today, over half of all transactions originate from a mobile device or app, and as a result, fraud in the mobile channel has increased over 600 percent in three years. With so many...
Card-not-present fraud will cost retailers worldwide $130 billion between 2018 and 2023, a new report from Juniper Research predicts. Steffen Sorrell, author of the study, explains the reasons behind this growth projection and describes what can be done to improve the fight against fraud.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
Account takeover is a rapidly growing arena for cybercriminals. How can organizations strengthen both authentication and authorization? Scott Olson of iovation, a TransUnion Company shares his insights.
Although CERT-In says the hacking of Indian websites declined dramatically this year, based on reports it has received, some security experts argue that many hacking and other cybercrime incidents are never reported.
Payments technology changes rapidly, but cybercriminal techniques are having no trouble staying one step ahead. As the use of stolen data and fraudulent cards becomes more difficult, criminals are now shifting their focus to customer payment transaction data. The risk of data theft is very real. To stay ahead,...
What security steps does India need to take as it continues its shift to digital payments? Nitin Bhatnagar, the new associate director for India for the PCI Security Standards Council, offers insights.
Over the past year, there's been a surge in so-called Magecart attacks, which involve payment card data being stolen from e-commerce sites via injected attack code. Researchers say they are tracing at least six active Magecart groups, each with unique infrastructure, skimmers and targeting.
While organizations have taken countless measures to strengthen the security of their online resources, criminals have begun to eye a far more appealing and lucrative target: the contact center. It's what Gartner calls "an epicenter of vulnerability."
From hard-dollar losses and added overhead to combat the...
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.
Pakistan says the nation's banks have not been hacked, but adds that they are taking defensive steps after nearly 20,000 payment card details appeared for sale online. The State Bank of Pakistan says banks are implementing restrictions on international transactions.
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.
Although some global payment organizations apparently have failed to meet the Bank of India's October 15 deadline for storing all Indians' payment data domestically, the nation's central bank reportedly has ruled out extending the deadline and is demanding a status report.