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86% of fraud in chargebacks
Global Risk Technologies (GRT) recently examined friendly fraud, and found approximately 86% of chargebacks are fraudulent, and many consumers bypass...
Card fraud increases as stolen cards used once every 20 seconds
British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are...
Cybercrime bigger than drug trade
In an extraordinary presentation at a TechUK event Adrian Leppard, the City of London police commissioner attacked the big banks by...
Card Fraud Report 2015 – now available
Card Fraud is the driver of major industry initiatives such as EMV implementation to combat the use of lost, stolen and...
Online fraud – an unrelenting, unforgiving battleground…
The recent release of the annual UK fraud figures describes an interesting picture of some successes and some areas for...
PayPal fined £5.2m over failure to block malicious users
In an embarrassing moment, PayPal has been forced to pay a £5.2 million ($7.7 million) settlement over alleged sanctions violations including...
Payment Systems Regulator begins £75 trillion UK payment industry oversight
On April 1st,, in what will be a landmark date for UK financial regulation, The Payment Systems Regulator (PSR), the new...
Target settles data breach for $10 Million
Target is said to be preparing to settle a class-action suit over its 2013 data breach by paying $10 million...