Latest News
Fraud Threats on Government Targets Rise
TransUnion released a new study showing a significant rise in account takeover attacks (ATO) in the United States. The survey of 600 federal, state, and local leaders shows the increase affects all levels of government. TransUnion attributes the new data to the increased used of internet technologie
Sift to Purchase Chargeback
Sift, a leader in digital trust & safety and eCommerce fraud prevention, will purchase card not present chargeback dispute management process solution Chargeback, the companies announced. Sift hailed the acquisition in a blog post, explaining that Sift’s proven ability to drastically reduc
How to Fight Ecommerce Fraud From Sources Other than Credit Cards
Merchant Fraud Journal recently welcomed Jane Lee, Trust & Safety Architect at Sift, and Alexander Hall, a reformed high-level fraudster and the founder of Dispute Defense Consulting, for an important online event on the evolving complexities of payment fraud. We discussed increasing consumer ad
Riskified Eyes IPO
Riskified, a leading card not present fraud prevention company, is considering an IPO this year, Bloomberg has reported. Riskified is one of the leading card not present fraud prevention companies, and is a ‘unicorn’ company — meaning that although it is currently privately-held, i
Stripe acquires Bouncer
Stripe has acquired card authentication technology company Bouncer, the company said in a statement. Bouncer further enhance the capabilities of Radar, Stripe’s powerful, machine-learning-based fraud prevention tool. Bouncer’s card scanning and risk technology is used to help online businesses r
Riskified Launches Deco, Payment Authorization Failure Recovery Solution
Riskified, a leading card not present and fraud prevention provider, launched the newest version of its ‘Deco’ solution, the company said in a statement. According to Riskified, Deco takes card not present orders that fail payment authorization and converts them into sales. Internal comp
Signifyd Launches New Return Abuse Prevention Solution
Signifyd, a leading card not present fraud prevention solution, announced a new return abuse prevention solution. Return abuse fraud is when a fraudster uses a merchant’s returns policy to commit fraud. Unlike other types of eCommerce fraud, it does not occur at the point of sale. Signifyd sta
Sift Raises $50 Million at a Valuation Over $1 Billion
Sift, a leading digital trust and safety solution recently announced a new $50 Million funding round at over a $1B valuation. This brings the company’s total funding to over $150 Million and will help it expand its product portfolio and scale its team. Sift is one of the more established fraud
Signifyd Secures $205 Million Series E Financing Round
Signifyd, a leader in card not present fraud prevention, secured a $205 million Series E round of funding, the company said via press release. The company is now valued at $1.34 billion. It will use the capital to expand its identity-centric fraud protection vision, and expand its global footprint.
Records Stolen In Data Breaches Increase 60%
The U.S. Payments Forum released a new Market Snapshot, which includes new data about recent eCommerce fraud prevention trends, the company said in a press release. Despite increased awareness and investment in fraud prevention, the impact card not present fraud continues to grow. Although the absol
