We cover a lot of credit card fraud news in the LPM Insider. It’s a natural topic for a readership heavily concentrated in retail and retail loss prevention. But the statistics keep changing, as do some of the suggestions to help protect yourself. So, an update and review every so Read More
Tag: fraud protection
According to online statistics database Statista, the value of payment fraud losses in the United States rose from $5.6 billion in 2012 to an estimated $9.1 billion in 2018. Read More
Final numbers aren’t in, but Black Friday 2016 appears to have exceeded predictions. And Cyber Monday is projected to be the biggest in history, with sales reaching $3.3 billion. But with the holiday season comes another, more sobering statistic: credit card fraud and its many new iterations are expected to Read More
Online retailers have a significant probability of being the intended target of order fraud. An online buyer has the perception of anonymity, which makes it psychologically easier for a person to commit fraud against the merchant. Essentially, the fraudster is looking to obtain merchandise from the merchant without paying for Read More
A new fraud detection technology using behavioral analytics to reduce the number of times debit and credit cards are being blocked by mistake, has claimed a 70 percent success rate during trials.
Featurespace, the UK company behind the fraud prevention software technology, claims it will be able to distinguish between genuine Read More
By John Wilson
When Mark Twain said, “Reports of my death have been greatly exaggerated,” he was not talking about cash, and he was certainly not living in Scandinavia, the northernmost corner of Europe where talk of “the death of cash” is far from an exaggeration in the face of the electronic payment Read More
The National Retail Federation today announced the recipients of its annual loss prevention awards – Ring of Excellence, Law Enforcement Retail Partnership and Retail Case of the Year – during an awards ceremony Thursday evening, June 25, that closed the 2015 NRF PROTECT conference in Long Beach, CA.
The 2015 award Read More