Internet fraud

42.3% of Internet Traffic in 2021 Wasn’t Human As Account Takeover and Online Fraud Increases

Retrieved on: 
Wednesday, May 18, 2022

Bad bots are often the first indicator of online fraud and represent a risk to digital businesses, as well as their customers. In 2021, evasive bad bots -- a grouping of moderate and advanced bad bots that elude standard security defenses -- made up 65.6% of all bad bot traffic. This breed of bot uses the latest evasion techniques, including cycling through random IPs, entering through anonymous proxies, changing identities, and mimicking human behavior to evade detection.

Key Points: 
  • The three most common bot attacks were account takeover (ATO), content or price scraping, and scalping to obtain limited availability items.
  • Bad bots are often the first indicator of online fraud and represent a risk to digital businesses, as well as their customers.
  • In 2021, evasive bad bots -- a grouping of moderate and advanced bad bots that elude standard security defenses -- made up 65.6% of all bad bot traffic.
  • Key Findings from the 2022 Imperva Bad Bot Report:
    Account takeover increased 148% in 2021: In 2021, 64.1% of ATO attacks used an advanced bad bot.

Payment Fintech Zeepay Selects Paygilant to Prevent Fraud and Enhance Customer Experience

Retrieved on: 
Wednesday, June 30, 2021

Paygilant will safeguard Zeepay's digital payment infrastructure from digital fraud and ensure a frictionless experience for its customers.

Key Points: 
  • Paygilant will safeguard Zeepay's digital payment infrastructure from digital fraud and ensure a frictionless experience for its customers.
  • Zeepay searched for a robust mobile fraud prevention solution that did not adversely impact the customer payment experience.
  • Paygilant enables financial organizations to boost their revenue, by enhancing the user experience and stopping fraud before the transaction occurs.
  • Paygilant simply triggers a real-time "risky" alert when fraud is detected and as "safe" one when the legitimate customer is identified.

Consumers fear businesses are prioritizing speed over security as online fraud and identity theft grow

Retrieved on: 
Wednesday, June 30, 2021

Seventy-six percent of consumers feel that they're at greater risk from online fraud than a year ago, and 75% are now worried about becoming a victim of fraud.

Key Points: 
  • Seventy-six percent of consumers feel that they're at greater risk from online fraud than a year ago, and 75% are now worried about becoming a victim of fraud.
  • The new whitepaper, 'New Fraud Threats in the Digital-First World' , examines how online brands can find the right balance between online security and user experience in a digital-first world.
  • Interestingly, the research suggests that consumers now view the risk of online fraud and identity theft as just part of the online experience.
  • Trulioo is the leading global identity verification company building trust online so that businesses and consumers can transact safely and securely.

IAB Tech Lab Launches New Supply Chain Validation Service for Publishers

Retrieved on: 
Tuesday, June 29, 2021

NEW YORK, June 29, 2021 /PRNewswire/ --IAB Tech Lab announced today that it released a new automated service for publishers' Supply Chain Validation .

Key Points: 
  • NEW YORK, June 29, 2021 /PRNewswire/ --IAB Tech Lab announced today that it released a new automated service for publishers' Supply Chain Validation .
  • The Supply Chain Validation service:
    "IAB Tech Lab seeks to make our specifications as easy to implement and use as possible," said Shailley Singh, acting General Manager and SVP, Product Management, IAB Tech Lab.
  • Supply Chain Validation is available for registration now in the IAB Tech Lab Tools portal at https://tools.iabtechlab.com .
  • With IAB Tech Lab's release of the new Supply Chain Validation service, we wanted to look at the state of these standards in-market and share our findings and recommendations with the industry in a webinar: The State of Ads.txt Adoption: Validating the Supply Chain.

Callsign warns that nearly half of consumers trust organizations less after receiving scam messages from fraudsters impersonating their brand name.

Retrieved on: 
Tuesday, June 29, 2021

Industries most targeted by fraudsters are financial services and ecommerce with consumers stating that of all scam messages they receive, 59% claim to represent their bank, or a retailer (36%).

Key Points: 
  • Industries most targeted by fraudsters are financial services and ecommerce with consumers stating that of all scam messages they receive, 59% claim to represent their bank, or a retailer (36%).
  • Globally, on average, individuals who receive scam messages via all channels receive 1133 a year, with a quarter (24%) saying they receive more messages from fraudsters than friends and family.
  • With 50% of consumers admitting they dont report fraudulent messages, the scale of scam messaging and victims is likely to be underestimated.
  • With Intelligence Driven Authentication, organizations can overcome the fraudsters, protect their brand, create seamless and secure customer journeys and build all important digital trust.

Global Scamdemic: Scams Become Number One Online Crime

Retrieved on: 
Thursday, June 10, 2021

In total, fraud accounts for 73% of all online attacks: 56% are scams (deceit resulting in the victim voluntary revealing sensitive data) and 17% are phishing attacks (bank card details theft).

Key Points: 
  • In total, fraud accounts for 73% of all online attacks: 56% are scams (deceit resulting in the victim voluntary revealing sensitive data) and 17% are phishing attacks (bank card details theft).
  • The number of scam- and phishing-related violations detected by Group-IB in Europe in 2020 grew by 39% year-on-year.
  • The scheme targets people who use marketplaces and services relating to property rental, hotel bookings, online bank transfers, online retail, ride-sharing, and delivery.
  • "Digital risks for brands such as online scams, illegal sales of products and services, and intellectual property infringements are the most wide-spread crimes on the Internet.

'Beware of Fraud' or the Methods Online Scammers Use on Online Dating Websites

Retrieved on: 
Wednesday, May 19, 2021

Which methods do online scammers use today?

Key Points: 
  • Which methods do online scammers use today?
  • ReviewTopDating team reveals 3 techniques online scammers use on dating websites.\nThe scammer asks for a favor and provides legit reasons: an unexpected illness, blocked bank account, or simply the wish to see the new acquaintance, who lives in another city.
  • Moreover, the scammer promises to return it as soon as possible.\nTake action: don't share your bank account details or the picture of your bank card.
  • However, the victim has to pay a certain amount of money: supposedly, because the payment should be in their name.

Arkose Labs Raises $70 Million Led by SoftBank Vision Fund 2 to Bankrupt the Business of Fraud

Retrieved on: 
Tuesday, May 11, 2021

Arkose Labs protects digital businesses worldwide and is trusted by global brands including Electronic Arts, Dropbox, Microsoft, PayPal, and Sony Interactive Entertainment.\n\xe2\x80\x9cAs more companies conduct business online, they become more vulnerable to online fraud.

Key Points: 
  • Arkose Labs protects digital businesses worldwide and is trusted by global brands including Electronic Arts, Dropbox, Microsoft, PayPal, and Sony Interactive Entertainment.\n\xe2\x80\x9cAs more companies conduct business online, they become more vulnerable to online fraud.
  • We believe Arkose Labs has cracked the code in fighting cybercrime, by making it financially non-viable for criminals,\xe2\x80\x9d said Nagraj Kashyap, managing partner at SoftBank Investment Advisers.
  • \xe2\x80\x9cLast year Arkose Labs analyzed more than 15 billion online sessions, stopping 4.6 billion attacks and wasting 40 million hours of fraudsters\xe2\x80\x99 time.
  • Arkose Labs is based in San Francisco, Calif., with offices in Brisbane, Australia and London, UK.

Tap to Ride! Monterey-Salinas Transit Becomes 1st in California to Offer Riders the Ability to Tap to Pay with Visa

Retrieved on: 
Tuesday, May 11, 2021

b'Today, in collaboration with Visa, Caltrans, Cybersource, Littlepay, and SC Soft, Monterey-Salinas Transit (MST) became the first transit agency in California to offer bus riders a contactless payment option.

Key Points: 
  • b'Today, in collaboration with Visa, Caltrans, Cybersource, Littlepay, and SC Soft, Monterey-Salinas Transit (MST) became the first transit agency in California to offer bus riders a contactless payment option.
  • MST is the fifth transit agency in the U.S. to accept tap to pay for fares, following Chicago, Miami, New York and Portland, OR.
  • Cybersource offers brand agnostic transit compliant processing solutions and enables easier implementation of digital payments for operators, while helping protect against fraud.
  • Littlepay provides mass transit transaction processing, including the ability to cap fares and guarantee the best-value fare for frequent riders.

TSG Announces Omnichannel Provider of the Year

Retrieved on: 
Tuesday, May 4, 2021

"We are excited to honor Fiserv and Cybersource with our first ever Omnichannel Provider of the Year award.

Key Points: 
  • "We are excited to honor Fiserv and Cybersource with our first ever Omnichannel Provider of the Year award.
  • Entries were judged by a panel of TSG payments experts who focus on the omnichannel market.
  • Companies and/or products considered for any TSG awards may or may not include clients of TSG and does not necessarily represent all companies or products in the market.
  • TSG serves the entire payments ecosystem and has experience in working on large-scale projects for the world\'s biggest payment players.