In looking ahead to fraud transformation in 2022, it is good to
review where the conversation about 2021 began: with statistics
about perceptions and reality.
More than just survey results, this report offers expert analysis on
how to balance the competing priorities of business, customer and
compliance needs –...
Australia is currently the 10th largest ecommerce market in the world by revenue. The ecommerce market value is at $33.1 billion, with an estimated growth rate of 8.9% in 2021.
As digital transformation accelerates initiatives like revenue collection, customer loyalty, and brand awareness are now primarily online....
Researchers at the University of Birmingham and University of Surrey say they have uncovered a vulnerability in the Apple Pay-Visa setup that could allow hackers to bypass iPhone’s Apple Pay lock screen, perform contactless payments and skirt transaction limits.
For fraudsters, there has been no respite. The fraud
economy took no pandemic hit. There was no
reduction in schemes among adversaries and they
experienced no job losses. Instead, shifts toward an increased dependency on digital channels have presented a myriad of new opportunities for illicit
financial gain....
According to a recent study, 9 out of 10 Singaporean merchants lost revenue due to payment fraud in the past year. Automated attacks are syrocketing against organizations around the globe. As the cost and investment of launching these attacks continues to go down, companies are increasingly experiencing credential...
Banks are uniquely exposed to secondhand risk and fraud resulting from compromises of payment card information at merchants in other industries, particularly retail, hospitality, and ecommerce. A significant proportion of fraud against retail banks issuing credit cards therefore results from incidents on networks and...
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
As digital transformation accelerates at an unprecedented rate, strategic initiatives such as revenue collection, customer loyalty, and brand awareness are now primarily online. And they’re increasingly being hijacked by hackers, leading to account takeover (ATO), fraud losses, and damaged brands. Any business that...
The latest edition of the ISMG Security Report features an analysis of lawmakers' grilling of Colonial Pipeline CEO Joseph Blount over his handling of the DarkSide ransomware attack. Also featured: How the FBI helped trick criminals into using an encrypted communications service that it was able to monitor.
Many governments are exploring Central Bank Digital Currencies to reduce costs and expand digital inclusion. Karen Hsu of AppDome discusses the opportunities and challenges for minting digital money.
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
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