Tag: fraud alert
By Chris Trlica
Just as the word “e-commerce” has come to refer to a menagerie of different specialized markets, so e-commerce credit card fraud comes in many different guises. And as the great pace of retail evolution dictates that retailers’ transaction processes are constantly changing, so the frauds change with them.
In a bid Read More
Editor’s Note: The following article provides an excellent narrative regarding the ongoing concerns associated with credit card skimming. As retailers and companies issuing credit cards in the United States continue to move forward with chip-and-pin and/or chip-and-signature technology, many of the issues associated with credit card skimming may be resolved. Read More
The fastest growing financial crimes in America today are check fraud and identity theft. The Nilson Report estimates check fraud losses to be about $20 billion a year. The American Bankers Association has stated that check fraud is growing 25 percent per year.
According to the Federal Trade Commission (FTC), 500,000 Read More