Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts...
The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly,...
When it comes to fighting fraud, it’s not really what you know – not exactly, at least. It’s what you don’t know,...
Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into...
Online tools are saving customers time on acquiring goods and services. Unfortunately, these tools are also saving time for fraudsters, who are...
Cybersecurity and fraud protection company DataVisor, which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with...
Life is never boring in the world of payments and commerce, and the newest edition of the PYMNTS Weekender report is proof...
Fraudsters are getting increasingly creative when stealing money and data, but many FIs, FinTechs and merchants are still taking established approaches to...
This week, Mastercard launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs. This new product is in...
Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that...
The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to...
The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for...
DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine...
The global digital ad market is expected to be valued at $225 billion by 2020, so it is no wonder fraudsters are...
Experts estimate that total fraud losses in 2018 totaled $3.9 trillion, an increase of 49.5 percent over the last 10 years. Fraud...
Facebook is a giant in the ad game, with 2.3 billion active monthly users and $16.6 billion in quarterly advertising revenue. However,...
Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in...
Fraudsters are ever bolder when it comes to phishing scams, which are up 76 percent year over year. The best approach to...
It is far too easy for modern consumers and businesses to be lured into digital scams, and phishing is one of the...
Because of the huge number of emails sent daily – by some estimates, 3.7 billion people send around 269 billion emails every...
Meeting a consumer’s banking needs requires FIs to think locally — but when it comes to fighting fraud, it pays to think...
Fraudsters are muscling their way into new territories when it comes to how they approach consumers for their personal information. As such,...
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer...
The $138 billion video game market has become a lightning rod for cybercriminals looking to make a quick buck. Game-related crime such...
With the speed and volume of digital transactions increasing every year, fraudsters have become better at concealing their tracks. Hunting cybercriminals has...
With 83 percent of consumers in the U.S. owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for...
The following Deep Dive takes an in-depth look at how real-time payments and P2P services are enabling faster transactions for users and...
Usage of Zelle surged in 2018, with $119 billion exchanged in P2P transfers on the platform. That volume has attracted fraudsters eagerly...
In today’s digital payments ecosystem, businesses, banks and consumers alike want access to their money as fast as possible. While person-to-person (P2P)...
It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and...
A single data breach in 2017 exposed 143 million Americans’ credit details and personal information, and incidents that occurred a year later...
Fraud is rampant and thriving. With a wealth of stolen credentials to pick from in the wake of several data breaches that...
Here’s a test: What’s fraud? Also, what’s a simple and legitimate matter of credit risk? Those aren’t trick questions, but rather a...
Retailers are increasingly using new tools to differentiate between legit and fraudulent transactions. In the latest Digital Fraud Tracker, Neiman Marcus’ Chief...
With the holiday shopping season in the rear view, retailers across the globe are tallying up their wins and losses. While the...
Let’s get a few things straight, a couple of points that might go against what every payments and commerce professional knows, but...
Digital marketplaces have become beloved by buyers and sellers — and fraudsters. Nick Huzar, CEO of OfferUp, says most current authentication standards...
The world is constantly getting faster. As a result, the speed of commerce and payments is coming closer to real time. This...
Experts are predicting big things for the 2018 holiday shopping rush. eMarketer predicts that 2018 will be the first year in U.S. history that holiday spending...
In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.
Would one lock a Ducati to a lamppost with a loop of dental floss? Well, that’s about the equivalent of what’s protecting...
As data theft continues to surge, companies are looking to bolster their defenses to protect customers and prevent fraudsters from committing cybercrimes....
In the inaugural Digital Fraud Tracker, PYMNTS takes a deep dive into the world of cybercrime, exploring the latest attack methods employed...
For digital-only banks, offering convenience and maintaining top-notch security is a delicate balance. One technique, according to Anand Talwar, deposits executive for...
Call it a Sophie’s Choice for the modern banking industry. Should banks and financial institutions (FIs) focus more on giving consumers the...
Banking during the pre-digital days involved transport. One had to visit a branch — and remember, there is a reason people still...
The best thing about living in the digital age, DataVisor CEO and Co-Founder Yinglian Xie told Karen Webster in a recent conversation,...
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting...