Latest News
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
PayPal Cryptocurrency Payment Launches
PayPal announced the launch of ‘Checkout with Crypto’ via a press release. The new features allows US cryptocurrency holders to convert it to fiat currency when checking out. The feature will appear in their PayPal wallet for any transaction where a consumer holds enough cryptocurrency t
PAAY and OpenPath Offer Universal EMV 3DS Plugin to Prevent Ecommerce Fraud
PAAY, a leader in consumer authentication, and OpenPath, a payment technology provider, have teamed up to build a shopping cart, gateway, and processor agnostic EMV 3DS solution. In the second half of this year, OpenPath will be launching a universal plugin for merchants and has already partnered wi
New Data: 47% of US Consumers Experienced Identity Theft in 2020
A new report about how fraudsters commit account takeover fraud (ATO) attacks was released by GIACT, an identity fraud and payments solution. Entitled “U.S. Identity Theft: The Stark Reality”, the report states that 47% — nearly half — of US consumers experienced identity theft in 20
Identiq Raises $47M Series A Round to Fuel Growth
Israeli-based fraud prevention startup Identiq today announced it raised $47 million Series A round. The goal of the round is to fuel its global growth, driven primarily by the accelerated eCommerce usage as a result of the COVID pandemic. The round was led by Entrée Capital and Insight Partners, w
Equifax Acquires eCommerce Fraud Prevention Provider Kount for $640m
On January 8th Equifax® (NYSE: EFX) a global data, analytics and technology company has announced it signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformatio
Chase Bank Refuses to Allow $16K Chargeback — Because Apple Gets Special Treatment
Apple Insider magazine has reported that Connecticut based mother Jessica Johnson will be forced to pay for over $16,000 worth of in-game purchases, made by her six year old son over the course of several months, on the iPad version of the game ‘Sonic Forces’. According to Johnson, she f
SecurityMetrics awarded for cybersecurity solution
SecurityMetrics, a data security and compliance company, has won the “Overall Web Security Solution of the Year” award with its web skimming security product in the fourth annual cybersecurity products and services awards program held by CyberSecurity Breakthrough. SecurityMetrics’ Web
FreedomPay and Forter Collaborate for Ecommerce Security
FreedomPay, a payment technology company, has partnered with Forter, a fraud prevention software company, to address growing concern over ecommerce fraud as online shopping increases, said Forter officials. “Forter’s fraud prevention capabilities protect merchants on FreedomPay’s Commerce Plat
eCommerce Fraud Prevention Startup Forter Raises $125M in Venture Funding at a $1.3B Valuation
New York/Tel Aviv based fraud prevention startup Forter announced yesterday a $125M Series E funding round. The funding round comes as an unprecedented surge in eCommerce transactions due to Covid and merchants attempting to grapple with eCommerce fraud. Founded in 2013, Forter works within the
