In 2016, every business is a digital business. Traditional businesses will be vulnerable to disruption, and emerging industries will face new threats. With cyberattacks costing businesses about half a trillion dollars – conservatively – in 2015 alone. What does 2016 hold?
Cybersecurity will be a focus of the upcoming presidential election as organized crime rings continue to expand and terrorism shifts online. Retailers will continue to fall victim to attacks and suffer millions in losses and debts, leading to more lawsuits.
New research shows criminals are becoming more creative where, when and how they take advantage of the season, as the number of fraudulent purchases increases proportionately when sales peak during the holidays.
Fraud average ticket value (ATV), or a retailer’s average size of individual sales by credit card, has decreased by $9.00 over the past year from $282 to $273, however the frequency of fraud has increased and it is also driven by lower shipping costs.
More than 90 million attempted cyber attacks across industries were launched in the third quarter, representing a 20% increase over the previous quarter. Fraudsters are now using bots and botnets to run massive identity testing sessions in order to penetrate fraud defenses.
Gemalto is taking its newly launched Dynamic Code Verification (DCV) solution designed to protect against CNP fraud to Money 20/20 next week.
Allstar, UK’s leading fuel card provider, has picked Rrance-based Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, to support the migration of their fuel cards from magnetic stripe to EMV chip cards.
Though millions of EMV”Europay, MasterCard, and Visa”cards have already been issued to cardholders nationwide, an October 1st deadline has been set to deliver any remaining computer chipped cards. With this push comes an opportunity for scammers to use old tricks to install computer malware or phish for personal information via fraudulent emails.
Though millions of EMV”Europay, MasterCard, and Visa”cards have already been issued to cardholders nationwide, an October 1st deadline has been set to deliver any remaining computer chipped cards. With this push comes an opportunity for scammers to use old tricks to install computer malware or phish for personal information via fraudulent emails.
AU10TIX warns EMV Standards & AML regulations will encourage online ID fraud and impairs customer acquisition effectiveness. The well-meant tighter fraud prevention measures and regulations may not be sufficiently backed by effective customer ID authentication measures at the point of new customer acquisition. AU10TIX warns of a “Back door” situation.
New research reveals a false-positive decline may be a bigger threat than transaction fraud and can seriously erode customer loyalty and pushes many consumers to abandon the issuer or merchant connected with the erroneous decline.
Century Business Solutions has added yet another ERP system to its arsenal of programs to which it can integrate”a list that already includes QuickBooks, a suite of Sage programs, and Microsoft Dynamics, among others.