According to the recent Communications Fraud Control Association Report, in 2021 $39.9 billion in revenue was lost to telecommunications fraud. In the United States alone, 74 million telco customers already had…
The 4 types of digital identity verification — and how to know which is right for your business
Learn about four of the most effective digital identity verification solutions that will keep your trusted users’ identities secure in this article from Mastercard.
Return fraud: The $100 billion problem facing retailers
Ecommerce shopping provides convenience and ease to customers in the busy modern world. One of the conveniences of online shopping is the ability to quickly return products by mailing them…
Three steps banks can take to prevent banking refund fraud
Refund fraud, also known as refund scams and refund abuse, is by no means a new trend. It has, however, evolved; just as consumer behaviors and expectations in the digital…
How to identify fraud and enhance security measures with behavioral analytics
Barely two months into 2024 security researchers have already identified what is being reported as “the mother of all breaches,” with more than 26 million records hacked worldwide from major…
Return fraud: What to look for and how to prevent it
As we have detailed in previous posts, as worldwide ecommerce sales continue to grow, ecommerce fraud increasing; with Juniper Research predicting global losses to exceed $48 billion by the end…
A great deal of daily life occurs online, lending itself to a vulnerability to cybercriminals. In a survey by Statista in 2022, nearly half of those surveyed had experienced a…
Stopping account takeover fraud across the financial services sector
The digitalization of the banking industry is seeing customers engage more and more with online financial services on a global level. With 70% of financial institutions worldwide already reporting losses…
5 best practices to preventing ecommerce fraud in 2024
We have detailed the evolution of ecommerce since the pandemic was first declared, an event that accelerated the adoption of online shopping by five years. Once the dust has settled…
Address verification services (AVS) are necessary in the world of ecommerce. Address verification service providers allow ecommerce businesses to verify the legitimacy of customers by confirming the accuracy of addresses.…