E-commerce merchants are bracing for escalating threats posed by customer dishonesty and insider misconduct. This trend is exacerbated by the economic downturn, which has tightened cybersecurity budgets, making the marketplace more vulnerable to attacks, including those from politically motivated, highly skilled nation-state hackers...
Because violative merchants make efforts to conceal illegal drug offerings, the level of risk for payment providers is much greater than most realize.
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.
The Federal Reserve's new FedNow Service allows instant money transfers but may exacerbate online fraud, experts warn. The service presents unique challenges due to its irreversible and rapid transactions.
Artificial intelligence technologies are aiding investigators in identifying and combating internet crimes against children, with tools that can locate offenders, point out potential victims, and quickly gather crucial data.
The retail sector continues to endure the full impact of cyberattacks, shouldering the weight of being the most targeted industry for malicious activities.
To combat chargeback fraud in e-commerce, follow these tips on utilizing machine learning, analytics, and end-to-end solutions while prioritizing customer experience. Discover how to effectively fight fraud and maintain a seamless shopping experience for legitimate customers.
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.
If crime doesn’t pay, some cybercriminals wouldn’t know it. A top team member in a cybercrime outfit like Conti can make an estimated US$1.1 million a year, according to a report released Monday by Trend Micro. Since cybercrime groups don’t file reports with the SEC, the salary ear...
Tax fraud schemes in 2022 netted scammers $5.7 billion, more than twice the amount of the previous year, according to the Internal Revenue Service, and there doesn’t appear to be any letup in sight.