online payment
Online brands prioritizing speed over security
Consumers around the world fear that businesses are now compromising online security in their efforts to deliver seamless digital experiences. According to a research released …
Do consumers now feel more exposed than ever to the risk of fraud?
As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike, according to a survey by Marqeta. The company …
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 …
PCI SSC publishes PCI Secure Software Standard 1.1 and supporting program documentation
Version 1.1 of the PCI Secure Software Standard introduces the Terminal Software Module, a new security requirements module for payment software intended for deployment and …
Most users don’t know the capabilities and risks of QR codes
QR code usage continues to rise in popularity. In fact, 57% of respondents to a new Ivanti study claim to have noticed an increase in the usage of QR codes since mid-March …
Payment transaction volume using 3-D Secure protocol grows globally
RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse …
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 …
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 …
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 …
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