With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC.  In 2021, …

You don’t have to look up in the sky to spot a super app. They’re starting to pop up in consumers’ phones everywhere. Here’s why—and why that’s so important. Most consumers don’t go to bed at night pining away for a new mobile app. They don’t likely request an investment …

PSD2 won’t solve fraud completely. Here’s why—and what U.S. online merchants should do. In the United States, e-commerce has surged due to the maturity of companies’ digital platforms, innovative payment models, and the ongoing impact of the pandemic. U.S. e-commerce sales are expected to reach $933.3 billion in 2021, representing …

Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says.  Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …

One of the most prominent examples of the so-called Internet of Things is the ability to make payments from the dashboard of a car, no mobile device needed. And now a forecast has arrived indicating the number of such transactions worldwide will balloon from 87 million this year to 4.7 …

Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …

No longer content to use a stolen credit card, criminals are targeting e-commerce merchants for everything from customer account data to loyalty points to BNPL fraud. Criminals follow the money, and, with e-commerce booming and more merchants selling online than ever before, it’s no surprise that fraudsters are flocking to …

By: Kat Ambrose Early in the COVID-19 pandemic, retailers shifted focus to e-commerce. Despite the world gradually returning to in-person experiences, online shopping continues to grow exponentially. In fact, the e-commerce industry is projected to grow from $4.28 trillion this year to $6.39 trillion in 2024. With more people online …

Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …

Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …