Global e-commerce spending grew 28% annually to $4.2 trillion in 2020, paving the way for more fraudulent behaviour and more sophistication in attack types like Brand Abuse. Backing this insight... read more
The post Fraud Report: Massive increase in Brand Abuse cyber attacks appeared first on Payments Cards & Mobile.
Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... more
Ransomware attacks are a key cybersecurity threat for global organisations, warns Verizon’s 2018 Data Breach Investigations Report (DBIR). Ransomware is the most common type of malware, found in 39% of malware-related data... more
More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK). Representing a 53% increase compared to the same period last year, this means an incident happened in the UK every 15 seconds between January and June 2016. [...]
The post Financial fraud incidents up 53% – one committed every 15 seconds appeared first on Payments Cards & Mobile.