More than half the U.S. companies polled in a recent survey—56%—said they were the target of at least one business-to-business payment-fraud attempt in 2022, with paper checks the leading fraud type. Furthermore, 43% of companies said they had been targeted more than once, and 12% said they had been targeted …

Losses to identity fraud fell 17% last year, to $43 billion, compared to 2021, thanks to beefed-up prevention at banks and credit unions and more active outreach by consumer-advocacy groups, according to the 20th edition of Javelin Strategy & Research’s Identity Fraud Study. Payments provider Paysafe said Greyhound Lines Inc. will use the Paysafecash …

Cybercriminals showed no signs of slowing down in 2022 as they employed a variety of schemes to defraud consumers, acquirers, card issuers, and merchants, according to Visa Inc.’s Spring 2023 Biannual Threats Report. Cryptocurrency was a prime target for cybercriminals. More than $3 billion in cryptocurrency was stolen through November …

E-commerce wasn’t the only market that ballooned after the pandemic set in. Fraud took off, too, and attracted novice practitioners in the bargain. Of more than 1,000 consumers surveyed by Sift Science Inc. for a report it released Thursday, some 16% admitted they had committed payment fraud, or knew someone …

As if cryptocurrency didn’t have enough problems with the financial failure of the major FTX exchange, plummeting values, and, most recently, links to two of the biggest bank failures in U.S. history, now criminals are running scams built around crypto trading to defraud consumers. The scams, known as “pig butchering,” …

If there is one constant about fraud, it’s that it never takes a holiday. A new report from Nice Actimize, a provider of fraud-prevention solutions, reveals that attempted fraud transactions skyrocketed in 2022 by 92%, compared to 2021, and that the money criminals attempted to steal soared by 146%. The …

Fraud isn’t always the work of hardened criminals. Online sellers must learn how to spot—and thwart—clever amateur thieves, as well. Did you take up a new hobby during the pandemic? I finally picked up the guitar that had been lying there since high school. Many new hobbies have become cherished …

Stripe Inc. late Tuesday announced the launch of its Enhanced Issuer Network to help merchants reduce fraud and false positives and increase authorization rates. Card issuers within the network, which include Capital One Financial Corp. and Discover Financial Services, can incorporate Stripe Radar fraud scores into their own authorization tools. …