Latest News
Add a short description for your blog.
Indian card fraud sky rockets as cashless Indian society reality bites
In June 2018, Indian police in Mumbai, the countries financial capital, broke the back of a card fraud and cloning racket...
Biometrics – Giving the finger to fraud
Clearing up the mess left behind by fraudsters is a serious challenge and sees financial institutions having to absorb the...
European card fraud for 19 countries hits record €1.8 billion in 2016
FICO has released its annual interactive map of European card fraud, which shows that card fraud losses for 19 European...
Contactless card fraud is on the rise – UK rate hits 4,500%
So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about...
Stolen credit card testing increases 200% in 2017 exacerbating e-commerce fraud
With RBTE just around the corner, released data from Radial’s e-commerce fraud technology lab adds another alarming statistic for retailers to...
Card fraud losses hit $21.84 billion in 2015 – up 20.6%
Card fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment...
The un-virtuous circle of chargebacks
Chargebacks have been part of card scheme dispute resolution rules for decades and reflect consumer protection regulations in many countries....
Card fraud losses soar in 2015 – large rises in key European markets
FICO reveals the UK saw Europe’s largest annual jump in card fraud losses for 2015. Most of the 18% rise...