Consumer Security

According to Kumar Dasani, CISO at Digital River, AI’s seemingly boundless potential has spurred concern. The pace of its evolution has suggested capabilities that may be difficult to fathom for some, but it’s also important to stay rooted in reality.

Despite legislation created to stop “scalper” and “grinch” bots from buying products faster than humans on e-commerce sites, desperate consumers are wrestling with the dilemma of either paying inflated prices or using bots themselves.

A growing concern among merchants is their ability to meet new payment card industry (PCI) security standards as early as next March. Failure to complete the upgrade within one year could result in penalties from $5,000 to $100,000 or more.

Consumers in the U.S. lost more than $4 billion to investment scams in 2022, and this year is expected to be worse. This rip-off trend is growing as investment scams become increasingly sophisticated and widespread, taking advantage of the rise of digital technologies.

Improved consumer protections are needed to prevent gift card fraud, which bilked Americans for more than US$233 million in 2021 alone, according to a new report by the Center for Data Innovation.

A recent report highlights the staggering growth of ATO fraud online. In the U.S. alone, around 24 million households have fallen victim to this form of fraud. Social media is one of the driving forces behind the issue, with more than half of all ATOs related to a social media account.

The escalating use of e-commerce creates a feeding frenzy for fraudsters. Find out how online buyers and sellers can avoid today's most common scams, and who is most susceptible.

Keeping safe in cyberspace is increasingly difficult as crooks try to exploit uninformed users every chance they get. Add to that, virus and malware threats are never-ending. Here are five things in your control to help keep your digital activity safe.

Consumers, especially lonely hearts experiencing life's so-called golden years, are prime targets for romance scams and fraud assaults. Romance scams are at an all-time high. Even younger folks who share too much about their affairs of the heart on dating sites and social media could become ripe tar...