eCommerce fraud losses to surpass $20 billion this year
The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year, according to a …
e-commerce
Securing an online marketplace through the COVID-19-fueled boom
When COVID-19 began to spread around the globe, citizens of many countries were instructed to stay at and work from home. Most non-essential brick-and-mortar shops were closed …
How global markets are adopting real-time payments
More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41 percent compared to the previous year, as the COVID-19 pandemic …
Fraudulent purchase attempts value increased 69% in 2020
The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …
As online fraud rises, 72% of retail brands expect to grow fraud teams
Retailers around the world are increasing their fraud teams and budgets because of a significant rise in all types of online fraud during the pandemic, a research by Ravelin …
Proliferation of sneakerbots across industries: The long tail of DIY bot operators
Many people’s first exposure to bots came from so-called sneakerbots. Sneakerbots are used to scan websites for inventory and automatically complete the checkout process. …
Application container market to grow steadily by 2026
The application container market is expected to register a CAGR of 29% over the forecast period 2021 to 2026, according to ResearchAndMarkets. Increasing deployments of …
Successful BEC attacks become 56% more costly
The number of phishing attacks grew through 2020, fully doubling over the course of the year. Attacks peaked in October 2020, with a high of 225,304 new phishing sites …
Fraudulent attempt purchase value decreased by $10 in 2020 compared to 2019
There has been a 24 percent increase in eCommerce transactions globally in December 2020 compared to December 2019, ACI Worldwide reveals. In particular, eCommerce …
As holiday mobile commerce breaks records, retail apps display security red flags
Driven by the pandemic, many consumers rely on mobile apps to buy everything from daily essentials to holiday gifts. However, according to a recent analysis, there are some …
Third-party online assets a growing security risk for retailers
83% of the top U.S. retailers have connections to a vulnerable third-party asset, and 43% have vulnerabilities that pose an immediate cybersecurity risk, Cyberpion reveals. In …
Holiday shopping season fraud stats revealed
There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase …
