It’s no secret that fraud is on the rise, fueled by persistent data breaches, and the widespread use of anonymizing technology and automated account takeover tools. Over 14 million consumers fell victim last year, and this estimate by Javelin Strategy & Research could be just the tip of the iceberg.1 Against the growing...
Cybersecurity and fraud prevention go hand-in-hand for both businesses and consumers, just as cybercrime and online scams are intrinsically connected. That’s why we’re supporting National Cybersecurity Awareness Month (NCSAM) in the US again this October. With it comes a host of events and opportunities to spread best practices and make the digital world a safer place. For us...
Data breaches come so quick and fast these days that both consumers and businesses are in danger of becoming desensitized. In August alone, tens of millions of customer records were compromised after two online apparel companies were hit. This, supposedly, came in one of the quietest months of the year...
Card fraud is a constant challenge for modern businesses. Any organization accepting card payments online is exposed to chargeback losses, customer churn, brand damage and the many other financial and reputational impacts of internet-based scams. Yet businesses not only have an obligation to themselves and their customers to tackle fraud, but...
Fraud prevention is an increasingly important part of running a modern business. If you accept online card payments, the chances are your organization will be exposed to digital scams. The cost of fraud can extend well beyond lost sales to customer attrition, reputational damage, and regulatory and administrative fines. New rules...
Fraudsters are always looking for new ways to drive revenue and evade the scrutiny of risk teams. This cat-and-mouse game has seen the bad guys continually adapt their tools and techniques to stay one step ahead of those out to stop them. Despite headline card fraud losses in the US...
The digital economy has given rise to disruptive business models that make it convenient for customers to transact online. Customers can easily set up and operate accounts online by providing personal information at sign-up and log-in, respectively. This ease and convenience also has a flip side. If fraudsters gain unauthorized...
Like many sectors, travel is undergoing major digital-driven transformation. This is helping to drive customer engagement and growth on a scale never before seen. But while the internet has provided a new platform for airlines, hotels, travel agents and others to grow, it’s also exposing these same companies to increased...
At PayPal we’re celebrating another great start to 2019 after our first quarter financials were released last month. Alongside the headline 12% increase in revenue was the equally pleasing sight of millions more customers opening accounts with us, including many new merchants. This is further proof that businesses across the...
Many online marketplaces and shopping sites are taking the digital world by storm with user-friendly platforms for buyers and sellers to exchange goods and services. According to analyst Forrester, half of all online spending came via marketplaces in 2016, a figure set to rise to 66% by 2022.1 However, the...
