Internet fraud

OPENING REMARKS: G20 Riyadh Summit

Retrieved on: 
Saturday, November 21, 2020
Click, Point and click, Online advertising, Digital marketing, Consumer fraud, Internet fraud

To download broadcast-quality footage of the opening remarks, click here and register through the Host Broadcaster portal. To report issues with the registration, click here .

Key Points: 

To download broadcast-quality footage of the opening remarks, click here and register through the Host Broadcaster portal. To report issues with the registration, click here .

Forter Raises $125M Series E; Rapid Growth and Market Demand for Real-Time Fraud Prevention Platform Elevates Valuation to More than $1.3B

Retrieved on: 
Thursday, November 19, 2020
Software, Finance, Data management, Professional services, Technology, Online Retail, Retail, Security, FreedomPay, Payment service provider, Financial services, Forter, Money, Online payments, Service industries, Merchant services, Internet fraud, Worldpay, Inc.

Forter , the leader in e-commerce fraud prevention, today announced it has raised $125 million in Series E funding.

Key Points: 
  • Forter , the leader in e-commerce fraud prevention, today announced it has raised $125 million in Series E funding.
  • We set out to create a global coalition of merchants, banks and payment providers that fight fraud together.
  • Fraud Prevention Platform for Payment Service Providers (PSPs) , enabling PSPs including FreedomPay , FIS Worldpay , Global Payments and Checkout.com to provide the best fraud prevention to their merchants.
  • Forter was recently named the Leader in e-Commerce Fraud Prevention by Frost & Sullivan.

Holiday Shopping Warning: Simple Typos Can Lead Consumers and Brands to Online Fraud, Counterfeit Goods, and Cyber Crime

Retrieved on: 
Tuesday, November 17, 2020
Online Retail, Technology, Professional services, Women, MEN, Security, Retail, Networks, Legal, Internet, Consumer, Counterfeit consumer goods, Counterfeit, Online shopping, Crime, Christmas and holiday season, Shopping, Internet fraud, Articles

CSC , a world leader in business, legal, tax, and domain security, today released new research from their Digital Brand Services (DBS) division warning consumers that simple URL typos could lead to significant online fraud, counterfeit goods, and cyber crime during the holiday shopping season.

Key Points: 
  • CSC , a world leader in business, legal, tax, and domain security, today released new research from their Digital Brand Services (DBS) division warning consumers that simple URL typos could lead to significant online fraud, counterfeit goods, and cyber crime during the holiday shopping season.
  • View the full release here: https://www.businesswire.com/news/home/20201117005233/en/
    According to CSCs new research , these third-party owned domains receive over five million visitors annually.
  • In light of the global pandemic, both consumers and leading brands have embraced online shopping as we head into the 2020 holiday season.
  • CSCs research is also an important part of advocating for consumers, and showing the pervasive risk of these cyber attacks and fraudulent domains.

SCE Names Top-10 Cities for Reporting Phone Scams, Urges Vigilance During Holiday Season

Retrieved on: 
Monday, November 16, 2020
Public policy, Government, Utilities, Energy, Law enforcement, Emergency services, Small business, Professional services, Consumer, Other Consumer, Identity theft, Internet fraud, Panix, Fraud, Deception, Crime, Confidence tricks, Social engineering

We also want our customers to know that any threat of immediate service disconnection without payment by someone claiming to be from SCE should be recognized as a scam attempt.

Key Points: 
  • We also want our customers to know that any threat of immediate service disconnection without payment by someone claiming to be from SCE should be recognized as a scam attempt.
  • SCE will never ask for your credit card or account information over the phone.
  • If possible, save information such as callback phone numbers or payment instructions and report the attempt by calling SCEs customer service center, emailing SCE at [email protected] or by completing SCEs online fraud form .
  • To learn more about the suspicious behaviors and tactics of utility bill phone scammers, please visit sce.com/scamalert .

Protect Yourself from Online Scams: Tips for Older Adults

Retrieved on: 
Monday, November 2, 2020
Identity theft, Internet fraud, Panix, Fraud, Confidence tricks

"The truth is, any of us could fall victim to an online scam.

Key Points: 
  • "The truth is, any of us could fall victim to an online scam.
  • It's just another reason why older adults should be more mindful of their actions online and take proactive steps to better protect themselves."
  • Hogan recommends the following tips to safeguard yourself and keep the bad guys away:
    Share with care.
  • To learn more about the ways you can protect yourself from an online scam or for more resources, visit http://www.ProtectSeniorsOnline.com .

€36 Billion Lost in Online Scams

Retrieved on: 
Tuesday, October 27, 2020
Fraud, Social engineering, Spamming, Confidence tricks, Deception, Human behavior, Mass marketing fraud, Internet fraud

Nearly all countries researched report a growth in the number of scams and money lost.

Key Points: 
  • Nearly all countries researched report a growth in the number of scams and money lost.
  • Due to the coronavirus epidemic, an increase of 40% for 2020 can be expected as more and more consumers move to online shopping.
  • Singapore reported that scams made up 27% of overall crime in 2019, up from 19%in 2018.
  • The total amount of money lost was 36 billion in 2019 or 225 per reported scam.

Advanced Fraud Solutions Releases Report on Prevalence of Card-Not-Present Fraud, BIN Attacks

Retrieved on: 
Wednesday, October 7, 2020
Crime, Identity theft, Credit cards, Money, Articles, Internet fraud, Property crimes, Credit card fraud, Card not present transaction, Fraud, Brute-force attack, Carding

HIGH POINT, N.C., Oct. 7, 2020 /PRNewswire/ --Advanced Fraud Solutions (AFS), a leading provider of card fraud detection software, today announced the release of a new report, Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud, on how fraudsters are leveraging exposed card information as well as using brute force BIN attacks to target card portfolios.

Key Points: 
  • HIGH POINT, N.C., Oct. 7, 2020 /PRNewswire/ --Advanced Fraud Solutions (AFS), a leading provider of card fraud detection software, today announced the release of a new report, Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud, on how fraudsters are leveraging exposed card information as well as using brute force BIN attacks to target card portfolios.
  • These brute force attacks, known as BIN attacks, can be difficult to spot and stop without a proactive fraud prevention alert system.
  • The report also highlights how to prevent CNP and BIN attacks using TrueCards AFS' omnichannel debit and credit card fraud prevention solution.
  • At Advanced Fraud Solutions, we know the best way to fight fraud is to prevent it.

F5 Introduces AI-Powered Solution That Blocks Fraud Missed by Existing Technologies and Improves Online Experiences for Users

Retrieved on: 
Tuesday, October 6, 2020
Hardware, Retail, Electronic design automation, Security, Data management, Technology, Finance, Banking, Professional services, Online Retail, Other Technology, Telecommunications, Software, Networks, Internet, Mobile, Wireless, Crime, Crimes, Property crimes, Identity theft, Articles, Fraud, Tort law, Internet fraud

F5 (NASDAQ: FFIV ) today introduced Shape AI Fraud Engine (SAFE), a new SaaS solution that eliminates fraudulent online transactions that get past existing fraud tools.

Key Points: 
  • F5 (NASDAQ: FFIV ) today introduced Shape AI Fraud Engine (SAFE), a new SaaS solution that eliminates fraudulent online transactions that get past existing fraud tools.
  • The result: bad experiences for good users, as well as financial losses and frustration when fraudsters get by ineffective defenses.
  • Most find they are still losing tens of millions of dollars annually to online fraud, despite a growing collection of fraud tools in their arsenal.
  • Juniper Research estimates that online fraud lossesfrom sources including new applicant and account fraud, account takeover fraud, loyalty program fraud, and digital payments fraudare projected to exceed $48 billion per year by 2023.

Email Hippo launches new fraud-fighting software to help tackle a $5 trillion problem

Retrieved on: 
Wednesday, September 30, 2020
eMail, Disposable email address, Internet fraud, Cyberspace, Cision, Spamming, Computing, Computer networking, Spam filtering

CORNWALL, United Kingdom, Sept. 30, 2020 /PRNewswire-PRWeb/ --Email Hippo has launched a software product, 'ASSESS' that helps prevent online fraud.

Key Points: 
  • CORNWALL, United Kingdom, Sept. 30, 2020 /PRNewswire-PRWeb/ --Email Hippo has launched a software product, 'ASSESS' that helps prevent online fraud.
  • It's a 'pre-fraud' solution that will help prevent fraud and it will play a part in helping businesses grow online."
  • Email Hippo data services help businesses reduce fraud, maintain their databases and carry out effective communications.
  • ASSESS is fed by Email Hippo's pioneering disposable email address detection system that pro-actively seeks new disposable email addresses.

25% of U.S. Device Identifiers Are Invalid: White Paper Released by Leading Data Exchange Platform BDEX

Retrieved on: 
Monday, September 21, 2020
Online advertising, Internet fraud, Crime, Articles, Crimes, Property crimes, Deception, Click fraud, Fraud, Masking, Spamming, Spam

Ad-fraud, such as click-farm traffic, click spamming and geo-masking, has a large impact on creating erroneous data.

Key Points: 
  • Ad-fraud, such as click-farm traffic, click spamming and geo-masking, has a large impact on creating erroneous data.
  • Fraud operations have been rampant for years and only continue to grow more sophisticated, bypassing some of the industry's most nuanced filters and fraud detection practices.
  • BDEX found that on average 25% of device identifiers is unusable.
  • Eliminating bad consumer data can improve return on advertisement spend (ROAS) by as much as 43%.