Retailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to a study by Juniper Research. the study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases
Annual online payment fraud losses from ecommerce, airline ticketing, money transfer and banking services, will reach $48 billion by 2023; up from the $22 billion in losses projected for 2018, according to a new study from Juniper Research. The new research, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts
The new and more efficient payments system means new and more efficient payments fraud. Here’s how to prepare
Most credit card fraud takes place online or over the phone. It’s not the cards that are stolen, but the details. The Australian Payments Network finds they are used to amass 85 per cent of the money stolen using Australian credit cards, without the need to steal the cards themselves.
Ad safety company Pixalate has uncovered what it says is a ‘sophisticated’ mobile app fraud potentially costing advertisers up to $75 million a year if allowed to run unchecked. The company says it discovered that Android app MegaCast — which allows users to broadcast content to Google’s Chromecast — was
Email fraud rose to new levels in 2017 and in the first quarter of 2018 there continues to be an increase in both the size and scope of the problem, according to cybersecurity firm, Proofpoint. The research suggests, socially engineered attacks, which target people rather than technology, are leveraging many different
For marketers in Australia concerned about viewability and brand safety the data from the ANZ Media Quality Report H2 report from IAS provides some cause for concern, but also some underlying good news. The report also contained New Zealand data for the first time, where the outline looks comparatively better, on a
Fraudsters repeat online purchases at the same businesses ten times more quickly than actual cardholders, according to a new report from Stripe. While chip-enabled credit cards have made brick-and-mortar shopping safer, fraudsters are increasingly targeting online stores. And unlike physical stores, online businesses are responsible for paying the associated costs.
Danish adtech company Adform says it has uncovered “one of the largest bot networks to be discovered in digital advertising”. ‘HyphBot’ is a highly sophisticated ad fraud operation responsible for millions of false impressions, according to the company. They also say the scheme was netting as much as $US1.2 million
Ad fraud across the mobile ecosystem has reached “ubiquitous” levels, according to a report from AppLift. As mobile technology advances, so too does the sophistication of ad fraud, making it one of the mobile industry’s “most pressing and complex issues today,” according to the report. “Mobile apps and websites have
Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years. The figures are contained in a new report from Juniper Research. Sign up for Which-50’s Irregular Insights newsletter The report titled, Online Payment Fraud: Emerging Threats, Key Vertical Strategies & Market Forecasts 2017-2022,