Sat.Nov 17, 2018 - Fri.Nov 23, 2018

Remove online-fraud
article thumbnail

Online payment fraud losses to reach USD 48 bln by 2023

The Paypers

(The Paypers) Annual online payment fraud losses from ecommerce, airline ticketing, money transfer and banking services, will reach USD 48 billion by 2023, according to Juniper Research.

Fraud 28
article thumbnail

Could The Future Of Fighting Fraud On The ‘Dark Web’ Actually Be Bright?

PYMNTS

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. As he sees it, “credit card fraud is the slush fund for much worse stuff.”.

Fraud 184
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PODCAST: Why Fraudsters Are So Ready To Feast On Marketplaces This Holiday Season

PYMNTS

The not quite as good news, according to Yinglian Xie, CEO and co-founder of DataVisor , is that fraudsters will also be very busy this season, and will be particularly active on the many online marketplaces that have proliferated over the last decade. The Season For Fraud Monetization. Adopting Sufficient Tools.

Fraud 134
article thumbnail

11 Black Friday Fraud Tips from FICO

FICO

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76
article thumbnail

TRENDING: Call Centers Push With Biometrics As Fraud Soars

PYMNTS

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. For call centers, dealing with this growing issue requires a multi-pronged approached, complete with defense to beat attacks coming from both outside and inside the company.

Trends 190
article thumbnail

NRF Finds Organized Retail Crime Is On The Rise

PYMNTS

According to retailers, the shift could come through a variety of factors such as gift card fraud and the online sale of stolen items as well as a shortage of staff in stores. These criminals find new ways to expand their networks and manipulate the retail supply chain every day.”.

Retail 110
article thumbnail

In The Age Of Algorithms, Will Banks Ever Graduate To True AI?

PYMNTS

AI’s less sophisticated (but much more well-known) cousin machine learning needs supervision to learn, though the technology is certainly capable of high-level fraud prevention and business operational tasks — which is why financial institutions have adopted ML, as the report has shown. percent use it to fight internal fraud. “AI

Data 192