Business & Employment Scams

CNP Fraud Losses Represent Nearly Three-Fourths of Total Card Payment Fraud Losses in the US

Card Not Present (CNP) payment fraud losses in the US are expected to increase to nearly $9.5 billion in 2023,…

2 years ago

White Paper: Payment Fraud Prevention

This free white paper from The Fraud Practice discusses the dual mandates of a successful payment fraud prevention strategy: responding…

2 years ago

Apparel Retailer Suffers Data Breach via Credential Stuffing Bot Attack

Fraudsters accessed the rewards platform of clothing retailer Hot Topic impacting an unknown number of customers and compromising personally identifiable…

2 years ago

Merchant eCommerce Payment Fraud Losses Expected to Exceed $90 Billion Annually by 2028

A recent report from Juniper Research forecasts eCommerce merchant payment fraud losses to exceed $362 billion globally during the five…

2 years ago

Three Rules for Effective Payment Fraud Prevention

August 9, 2023 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud PracticePayment fraud is a persistent threat impacting…

2 years ago

Time Matters. Swift and Agile Responses to Payment Fraud Attacks

Join Sift Trust and Safety Architect Rebecca Alter and The Fraud Practice’s Justin McDonald on October 4, 2023 at 10…

2 years ago

Payment Fraud Losses Expected to Increase 410% in Emerging Markets Over the Next Five Years

Merchant eCommerce payment fraud losses on physical goods is forecasted to grow from $1 billion in 2023 to $5.1 billion…

2 years ago

Social Engineering, Ransomware Attacks Target Vegas Casinos

Social engineering tactics led to both a ransomware attack and data breach against Caesars Entertainment and MGM Resorts. In an…

2 years ago

Assessing Payment Fraud Prevention Strategies Using Internal and External Approaches

September 20, 2023 | By: Justin McDonald, Sr. Risk Management Consultant, The Fraud PracticeOrganizations can better manage payment fraud by…

2 years ago

Here are Just Some of the Ways Fraudsters are Beating or Evading Two Factor Authentication

Many organizations and consumers rely on SMS-based two factor authentication (2FA) as a way to protect user accounts from account…

2 years ago