Customer accounts are an integral tool to help merchants foster customer loyalty. But when login credentials are compromised, they present a unique opportunity for fraudsters to commit CNP fraud and steal customer PII. In 2018 alone, Account Takeover attacks resulted in over $11 billion in losses.
The fallout from...
Hackers appear to have accessed a new mobile payment app for 7-Eleven customers in Japan, taking about $500,000 from 900 customers over several days. Poor passwords and authentication designs by the company are likely to blame, according to media reports.
To stay current, eCommerce retailers have to keep track of evolving shopping trends. And to stay profitable in a rapidly changing marketplace, merchants have to approve more orders, operate more efficiently, and fend off the costly threats of fraud, account takeovers, chargebacks, and false declines.
This survey...
Cross-border eCommerce sales are set to reach $627 billion by 2022, with the highest growth rate projected in regions outside of North America and Western Europe, but US merchants are not capitalizing on these global markets. In fact, only 42% of surveyed US merchants said their websites accommodated global...
Legacy fraud detection systems often approve or decline orders based solely on a handful of details. Savvy merchants expect much more from their fraud management solutions than simply a risk score.
Today, merchants demand a solution that supports expansion into global markets, promotes a smooth shopping experience,...
As the global eCommerce market grows and fraudster methodology evolves, new fraud management approaches and tools are being introduced at a fast pace. This guide provides a comprehensive series of resources designed to guide decision makers through the assessment of assessing fraud management and identifying...
In this cutthroat environment, any overlooked leak in the eCommerce payment funnel can be devastating. But most merchants don't realize that around 10% of revenue that reaches checkout is declined even before they have a chance to capture funds.
Fear of CNP fraud leads to businesses falsely declining up to 5.5% of...
Fraud is scary, and there are many valid reasons for merchants to decline suspicious transactions in the name of fraud prevention. But often, in the quest to avoid abuse, risk-averse vendors take defensive measures too far.
Download this whitepaper to learn more about:
How false declines leave money on the...
Online fraud is becoming more sophisticated as cyber-criminals try to stay a step ahead of fraud solutions and tools. Not only are ATO attacks tough to spot, they can also cause harm that goes beyond just stolen goods and chargebacks.
Download this whitepaper to learn more about:
How fraudsters get credentials to...
In the competitive world of eCommerce, online retailers must provide an optimal customer experience or risk losing business. Many are seeing hard-earned revenue fall victim to costly credit card chargebacks.
Download this whitepaper to learn more about:
Why chargebacks are filed
The ramifications of too many...
Criminal gangs have been hitting e-commerce sites hard lately by injecting their malicious code to "skim" customers' payment card details. In a recent twist, Malwarebytes spotted a malicious iFrame that steps in front of the normal payment process to intercept card details.
Vipin Surelia, Senior Director-Risk Services, Visa leads the India and South Asia team that ensures the safety and security of the VISA network, as well as internal and external products and services, including business continuity.
In this exclusive interview, Surelia will sit for a "fireside chat" interview in...
Despite the growing cybersecurity threat targeting mobile financial services applications, many financial institutions are failing when it comes to protecting their apps. Research conducted by advisory firm Aite Group uncovered widespread security deficiencies among mobile consumer finance apps leading to the exposure...
Best practices for protecting mobile banking apps
Mobile banking applications present financial institutions with an opportunity for tremendous revenue growth. They also create an attractive attack vector for bad actors looking to steal the trove of personal information these apps collect. Recent global surveys show...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
