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The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages and resell them for profit. But combating fraud often comes at a cost, as onerous security protocols may alienate legitimate customers. In this...
Fraud continues to plague the digital world, despite the fortunes spent to curb it. Industries that operate solely online are some of the most vulnerable to fraud, including that of online travel. Many of these schemes take the form of clean fraud or friendly fraud...
Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals scan websites for personal information entered into forms online. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is probably the case. One scheme that fits this description is reshipping fraud, a type of scam that often lures in unsuspecting participants by...
Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts tremendous pressure on ticket-selling platforms to ensure they only engage with legitimate customers. In the new Digital Fraud Tracker, Ticketmaster’s Chief Information Officer...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Without trust, the sharing economy’s growth could slow. And trust in the sector of the sharing economy centered around property rentals is going through some tough times lately. As Airbnb makes major moves, Mike Gramz, executive vice president and chief risk officer at Yapstone, talks...
