online payment

Stolen, locked payment cards can be used with digital wallet apps

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Stolen, locked payment cards can be used with digital wallet apps 2024-08-19 at 21:32 By Zeljka Zorz Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania State University […]

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Triangulation fraud: The costly scam hitting online retailers

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Triangulation fraud: The costly scam hitting online retailers 2024-04-30 at 08:01 By Mirko Zorz In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merchants. He also highlights the

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Fraudsters have found creative ways to scam some businesses

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Fraudsters have found creative ways to scam some businesses 2024-02-19 at 06:31 By Help Net Security 70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need

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AI strengthens banking’s defense against fraud

Artificial Intelligence, biometrics, cybersecurity, Entrust, fraud, identity, identity verification, News, online banking, online payment, report, survey /

AI strengthens banking’s defense against fraud 27/10/2023 at 06:32 By Help Net Security Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indicated that they are comfortable with AI

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Organizations are racing against time to meet the PCI DSS 4.0 deadline

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Organizations are racing against time to meet the PCI DSS 4.0 deadline 19/09/2023 at 06:02 By Help Net Security Payment data security concerns remain widespread as organizations undertake significant lift to meet the PCI DSS 4.0 deadline, according to Bluefin. 94% of survey respondents said they have significant or very significant concerns pertaining to payment

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The road ahead for ecommerce fraud prevention

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The road ahead for ecommerce fraud prevention 17/08/2023 at 07:36 By Mirko Zorz Ecommerce platforms are incorporating sophisticated fraud detection measures, but fraudsters, too, are refining their strategies. In this Help Net Security interview, Eduardo Mônaco, CEO at ClearSale, explains the complexities of ecommerce fraud, discussing the evolution of fraudster tactics, the effectiveness of social

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