Fraud RSS
Millennials putting their personal data at risk
Research carried out by Callcredit Information Group and YouGov* has revealed that 48% of 18-24 year olds would not report an unsuccessful fraud attempt to their bank. More worryingly, 22% do not know who they would report the attempt to and a further 12% would not report the attempt to anyone. John Cannon, Director, Fraud [...]
The post Millennials putting their personal data at risk appeared first on Payments Cards & Mobile.
Merchant fraud-to-sales losses up on 2014
Merchants are experiencing an increase in fraud, losing 1.32% of revenue to fraud on average compared to 0.68% in 2014, according to the annual LexisNexis True Cost of Fraud Study. International and m-commerce merchants were hardest hit with losses of 1.56 and 1.68% respectively. Merchants saw an average of 333 fraudulent transactions per month, up [...]
The post Merchant fraud-to-sales losses up on 2014 appeared first on Payments Cards & Mobile.
Merchant fraud-to-sales losses up on 2014
Merchants are experiencing an increase in fraud, losing 1.32% of revenue to fraud on average compared to 0.68% in 2014, according to the annual LexisNexis True Cost of Fraud Study. International and m-commerce merchants were hardest hit with losses of 1.56 and 1.68% respectively. Merchants saw an average of 333 fraudulent transactions per month, up [...]
The post Merchant fraud-to-sales losses up on 2014 appeared first on Payments Cards & Mobile.
Cyber attacks: A Cloud Security Report
Cyber attacks are on the rise. Companies both large and small are targeted daily by hackers seeking valuable data to monetize in the cyber underground. Recent reports show that 87% of organizations are making use of cloud infrastructure, while analysts predict spending will exceed $200 billion in 2016. This means: 1) Organizations are making use of public clouds [...]
The post Cyber attacks: A Cloud Security Report appeared first on Payments Cards & Mobile.
Stepping up the fight against fraud
The UK financial services industry was responsible for stopping a total of £910 million worth of attempted card, cheque and online and telephone banking fraud in the first half of 2015, new figures have revealed. This is the first time that Financial Fraud Action UK has published the value of prevented fraud. It found that bank [...]
The post Stepping up the fight against fraud appeared first on Payments Cards & Mobile.