Latest News
Kount Launches New Podcast
Kount, a leading provider of eCommerce fraud prevention software, has launched a new podcast: 5 Trends, 5 Minutes: Cyber & Fraud. The podcast will air weekly and feature the top five headlines in cybersecurity, fraud prevention, eCommerce and payments, as well as an interview with industry exper
Fraud Prevention Startup NS8 Spectacularly Implodes, CEO Arrested by FBI.
NS8, Once a rising star in online fraud prevention, fired nearly all its employees and its CEO is under investigation by the SEC and now has been arrested by the FBI. Up until very recently, the Las Vegas based NS8 was on a rocket trajectory. It was hailed as a profitable and leading ecommerce
Amazon Releases Amazon Fraud Detector to Public
Amazon Web Services (AWS) released Amazon Fraud Detector for use by the general public, the company announced in a press release. Merchant fraud journal covered the creation of Fraud Detector when it was announced at the end of last year. Amazon aggressively disrupts industries and accounts for near
ACI Reports 4.7% Increase in Value of Fraud Attacks Due to COVID-19
New research from ACI Worldwide shows the COVID-19 pandemic has caused the value of fraud attacks to spike by 4.7%, the company said in a press release. June 2020 numbers showed a slight decrease, down to 3.7%. Despite the increased value of attacks, the absolute volume of attacks during the January
Sift Releases Digital Trust & Safety Index: Content Abuse and the Fraud Economy
Sift has released a new report entitled “Digital Trust & Safety Index: Content Abuse and the Fraud Economy”. The report contains new data from a survey of more than 1,000 eCommerce companies on the subject of content abuse. Content abuse is a technique fraud rings use to verify if cr
Kount Identity Trust Global Network Named Leader in SPARK Matrix
Kount has been named a top overall solution in a SPARK Matrix created bya leading industry analyst, the company has announced in a press release. Maria Gonsalves of Quadrant Knowledge Solutions highlighted the importance of artificial intelligence (AI) in the decision: “Kount’s major differentia
15 Wirecard Scandal Timeline Primary Source Documents You Need to Read
Wirecard scandal timeline details continue to evolve. But news of the payment processing fraud has already reverberated shock-waves across Europe and the world. The German company is accused to fabricating the presence of $2b in cash revenues on its balance sheet. When the scandal was uncovered, the
Trustonic and Samsung Form Mobile Security Partnership
Trustonic, a cybersecurity company specializing in mobile, IoT, healthtech, and automotive systems has agreed to a strategic partnership with Samsung, the company announced in a press release. The agreement is for a multi-year deal and includes collaboration on commercial and go-to-market activities
COVID-19 Costs UK Merchants £16m
Action Fraud, the UK’s national reporting centre for fraud and cyber crime, has released new statistics showing that UK retailers have lost over £16m as a direct result of COVID-19. The report, released via the organization’s website, attributes the rise to an across-the-board increase in e
Non-Chargeback Fraud Rates Rise 25%
New research from ACI Worldwide states that non-chargeback fraud rates rose 25% from March to May, the company said in a press release. ACI’s analysis of the data suggests that the main reason for the rise is an increase in friendly fraud in the travel and ticketing industries. In the press re
