In this month’s Digital Fraud Tracker®, Darren Beyer, chief product and strategy officer at Qolo, tells PYMNTS about the year’s most pressing fraud threats and why he thinks technology deployed in layers is the best way to stay protected.
Restaurants are still adapting to the digital-first paradigm brought on by the pandemic, with online orders from sit-down restaurants spiking by 134 percent since the pandemic began, and quick-service restaurant (QSR) chains experiencing digital growth of 225 percent. The behaviors that customers have picked up...
Web apps and application programming interfaces (APIs) power eCommerce, real-time payments and location-based services such as Instacart, but they are also becoming the focus of a range of increasingly sophisticated cyberattacks that can compromise personal data and interrupt the customer experience. Cybercriminals leverage a...
Account takeovers and credential stuffing attacks are surging, with fraudsters buying stolen credentials from the dark web to target first-time digital consumers. In this month’s Digital Fraud Tracker, Slice's Jason Ordway discusses its two-pronged approach for keeping orders secure for its 15,000 pizzerias across the...
May 14, 2021
Web apps and application programming interfaces (APIs) power eCommerce, real-time payments and location-based services such as Instacart, but they are also becoming the focus of a range of increasingly sophisticated cyberattacks that can compromise personal data and interrupt the customer experience. Cybercriminals leverage a host of tactics to circumvent the security of web apps […]
October 13, 2020
Consumers are relying more heavily on eCommerce during the pandemic, and they have high standards for what digital shopping should be like. A recent study of North American and European...
July 02, 2020
Consumers’ commerce patterns have been very much upended in the past few months and shifted heavily to digital. On the upside, this digital gold rush has created an opportunity for...
April 15, 2020
The mobile ordering industry has steadily gained steam, with nearly 50 million consumers expected to be using food delivery apps by next year. The market is facing the largest crisis...
January 21, 2025
Citibank will have to face a New York state lawsuit alleging that it failed to protect and reimburse victims of fraud. A federal judge rejected the bank’s request to dismiss the lawsuit, Reuters reported Tuesday (Jan. 21). Citibank had argued that the law under which it is being charged expressly excluded wire transfers, according to […]
July 15, 2020
High-profile Twitter accounts, including those of Amazon CEO Jeff Bezos, Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk and others, were taken over in a wave of hackings on...