Consumers can drift along in a happy sort of haze, extending trust to brands that appeal, and enjoying a loose but very real connection — until a company lets data get stolen. New PYMNTS research indicates that merchants are more on the hook for data...
Glovo, a Spanish startup, was the victim of a hack, although it didn’t specify what information was accessed, Reuters reported Tuesday (May 4). “We can confirm that no access was gained to client card data, as Glovo does not save or store such information,” the...
For every small merchant that found a way to rewrite itself digitally over the last year or so, it seems there is a cybercriminal waiting in the wings. To date, global cybercrime is doing some $5.2 trillion a year in financial damage, more if one...
The pandemic has been an undeniable boon for eTailers. More consumers than ever are going online to buy all manner of products, from household goods to health and wellness products to clothing and beyond. This surge in eCommerce activity nevertheless comes with a catch. The...
Business email compromise (BEC) is an ever-evolving beast that threatens organizations of all types and sizes around the globe. But companies are not entirely defenseless against the scam, as Jeff Taylor, senior vice president of Commercial Fraud Forensics at Regions Bank, told PYMNTS in the...
Fighting fraudsters is a problematic realm in the digital era because fraud stubbornly refuses to be a static target. Instead, digital fraud is an ever-evolving and improving field of endeavor that is always readying for its next evolution. It looks for its next entry point...
In the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course, merchants. Money laundering, money mules and other attack vectors are seizing on novice consumers pivoting to the internet to get...
Issuers and merchants have, by and large, been handling the digital shift. But many are not ready to grapple with the fact that it’s producing more disputes and chargebacks. The financial fallout is that the cost of chargebacks to U.S. issuers topped $690 million in...
In this excerpt from The Connected Economy’s Power Source – CEO Edition, Nicolas Stehle, founder and CEO of Scalefast, talks about the importance of fighting fraud in the digital economy, and how each firm needs its own customized approach. “Brands need sophisticated, enterprise-grade solutions that...
