A Juniper Research analysis of why card-not-present fraud will continue to grow leads this week's edition of the ISMG Security Report. Also featured: Updates on a Neiman Marcus breach lawsuit settlement and a German hacking incident.
Forty-three states have reached a settlement with Neiman Marcus over its 2013 data breach, one of several breaches from that period blamed on in-memory malware. The retailer will pay $1.5 million and must use encryption and tokenization to protect card data.
We no longer live in a Web only world. Consumers are increasingly interacting across multiple touchpoints, particularly digital channels. Today, over half of all transactions originate from a mobile device or app, and as a result, fraud in the mobile channel has increased over 600 percent in three years. With so many...
Card-not-present fraud will cost retailers worldwide $130 billion between 2018 and 2023, a new report from Juniper Research predicts. Steffen Sorrell, author of the study, explains the reasons behind this growth projection and describes what can be done to improve the fight against fraud.
Although chip cards are now commonplace in the U.S., there is still much work to be done securing card transactions online and offline. Randy Vanderhoof of the U.S. Payments Forum discusses 2019 initiatives.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
Account takeover is a rapidly growing arena for cybercriminals. How can organizations strengthen both authentication and authorization? Scott Olson of iovation, a TransUnion Company shares his insights.
As the global eCommerce market grows and fraudster methodology evolves, new fraud management approaches and tools are being introduced at a fast pace. Trying to stay on top of developments in the eCommerce fraud prevention landscape can be overwhelming and time consuming.
This guide is a comprehensive series of...
Over the past year, there's been a surge in so-called Magecart attacks, which involve payment card data being stolen from e-commerce sites via injected attack code. Researchers say they are tracing at least six active Magecart groups, each with unique infrastructure, skimmers and targeting.
In 2019, an estimated 10% of the dollar value that reaches online
checkout will fail payment authorization, resulting in
approximately $340 billion worth of potential eCommerce revenue
going unrealized. An estimated 70% of these orders are placed by
legitimate customers who can afford the purchase.
Combating fraud is an ever-escalating arms race. If your organization is investigating anti-fraud solutions to stop fraud losses, lower false positives, or reduce manual workload, join this webinar. Our fraud experts will explain the top 10 technology requirements to consider - as well as their business impact, so you...
Despite the harsh reality that card not present (CNP) fraud is a serious problem that which is only getting bigger as the eCommerce market continues to grow, senior management is not giving this issue the attention that it deserves.
Some executives fail to recognize the correlation between fraud management and the...
British Airways has discovered that hackers compromised payment card data and personal details for 185,000 more customers than it had originally suspected and that its systems were first breached not in August, but April. The airline now counts 429,000 data breach victims.