Fraud

EMV 3-D Secure, the E-Commerce Game Changer
June 30, 2020 at 4:07 pm

The card-not-present (CNP) payment space has come a long way since the days of telephone orders. In the past few years, the market has seen an explosion in mobile app-based payments, which offer consumers unprecedented levels of convenience, albeit placing them at higher risk of CNP fraud. One thing that hasn’t changed is merchants’ never-ending…

5 Ways to Secure Your E-Commerce Site From Client-Side Malware
June 29, 2020 at 8:09 pm

Of the numerous malicious attacks that significantly affect your e-commerce business, client-side malware is one of the most lethal because it comes from the customer’s computer and isn't easily detectable. Its core goal is to interfere with client traffic on your website by redirecting them to other online stores. If not dealt with, client-side malware…

Claire's Suffers Data Breach, Potentially Exposing Payment Data
June 16, 2020 at 4:39 pm

Accessories retailer Claire's experienced a data breach on its e-commerce site beginning in April that compromised customer payment information, reports Bleeping Computer. The company discovered the MageCart attack on Friday, June 12 after it was revealed in a new report by cybersecurity firm Sansec. The attack consisted of hackers injecting malicious JavaScript scripts into various sections of…

Returns Abuse: A $24 Billion Problem
June 16, 2020 at 2:14 pm

Consumers have come to expect flexible returns policies. In recent research, Forter found that a whopping 97 percent of consumers say that returns policies impact their likelihood to actually purchase with a retailer. This is especially true for consumers shopping for apparel and accessories; these shoppers frequently use in-store and online returns, and deem these…

COVID-19 Makes the Problem of Ad Fraud More Complex for Retailers
June 5, 2020 at 5:20 pm

Marketing strategies developed for a pre-COVID world are, in the most part, not optimal for the realities of today. Brick-and-mortar retailers will be grappling with the challenges of strengthening their online presence and customer acquisition efforts. Strong online retailers will be facing more competitors, while likely also observing impacts of reduced consumer confidence. In this…

Putting Counterfeiters Out of Business, Part 2
May 6, 2020 at 6:13 pm

Counterfeiting and pirating of commercial goods is a massive global challenge. As businesses face the threat of counterfeit items, a growing crop of solutions aim to help organizations protect the authenticity and legitimacy of their products. By combining innovations like tracking technology with a proactive approach to piracy, you can stay ahead of potential counterfeiters,…

Cybersecurity for Retailers: How to Reduce the Effects of the Coronavirus Pandemic
April 29, 2020 at 4:13 pm

As the COVID-19 outbreak continues to threaten the world economy, it has also led to some significant threats relating to cybersecurity in the retail industry. But why retail? The answer is simple. The retail industry is the hotbed for customers' personally identifiable information (PII), and is also linked to their payment data needed to complete…

Managing the Fraud Prevention Risk Caused by Coronavirus
April 8, 2020 at 12:18 pm

We’re all having to get used to a lot of changes during the current crisis, some more difficult than others. But there’s one group that excels at adapting. Unfortunately, this group is particularly good at finding new opportunities to succeed at other people’s — and companies’ — expense. Fraudsters are milking the situation already, and…

Putting Counterfeiters Out of Business, Part 1
March 31, 2020 at 11:52 am

Counterfeiters aren’t just bad news for your business; they can also be downright dangerous for your customers’ well-being and safety. When it comes to the counterfeiting and pirating of commercial goods, the economic impact, legal implications, and health and safety risks are growing on a global scale. For example, Amazon.com has drawn continued criticism for…