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FBI Releases 2019 Internet Crime Report
The US Federal Bureau of Investigations (FBI) released its 2019 Internet Crime report via a post to its website. The annual report examines criminal cyber activity, including eCommerce fraud. It states that the bureau received an average of 1,300 complaints per day about internet crime, with $3.5 bi
NuData Security Releases the New Criminal Toolbox Report
NuData, a solution that uses device intelligence, behavioral analytics, passive biometric verification, and a behavioral trust consortium to identify eCommerce fraud risk, released a report: The New Criminal Toolbox. The report provides merchants with an overview of ‘off-the-shelf’ tools
Six-Figure Walmart Gift Card Fraud Scheme Busted
Two Chinese nationals were arrested in American Fork, Utah in connection with a Walmart gift card fraud scheme. According to charges filed by police, the scheme impacted 1,379 transactions between January 16th-23rd. Overall, the fraud impacted more than 200 people across 46 US states. The fraudsters
Lexis Nexis acquires Digital Identity Solution Emailage
Lexis Nexis who’s owned by the British Exihibition and Information Services conglomerate RELX (Stock Ticker: REL) recently announced the acquisition of digital identity and fraud prevention solution Emailage. Founded in 2012 and based in the Phoenix metro area with offices across the globe,
Esentire Annual Threat Intelligence Report 2020 Released
Esentire, a cybersecurity firm, released its ‘Annual Threat Intelligence Report 2019 Perspectives and 2020 Predictions’. The report provides data and analysis about how to detect and prevent account takeover attacks. Account takeovers, also known as Business Email Compromise (BEC) or
Wawa Data Breach Details Found for Sale on the Dark Web
Customer credit card details stolen during a data breach of convenience and fuel retail store chain Wawa have been found for sale on the dark web, the company said in a statement. Wawa reported the original data breach to consumers approximately three weeks ago. “Today, we became aware of repo
2020 Fraud Detection and Prevention Market Share Report Released
Market Report World, a research service specializing in creating reports that give companies data to inform their corporate planning, released a new report detailing the fraud detection and prevention market in 2020. The report shares new data about the global eCommerce fraud landscape. It includes
Friendly Fraud Chargebacks Report 2019 Released By Research and Markets
Research and Markets, a market research report seller, released a new report entitled ‘Merchant Chargebacks Are on the Rise Due to Friendly Fraud.’ The report is available to download via their website. Friendly fraud is a known problem for merchants across verticals. Preventing friendly
Amex Claims Banks Using Ecommerce Fraud as Excuse to Stifle RegTech Competition
American Express (Amex), a credit card company, submitted a statement to the Australian Senate Select Committee on Financial Technology and Regulatory Technology (‘The Committee’) laying out its position on the use of screen scraping technology by fintech regulatory technology (‘Re
Banxa Receives $2m Series A Investment From NGC Ventures
Banxa, a gateway solution that specializes in transferring fiat currency into cryptocurrency, signed Series A investment round worth $2 million with NGC Ventures, the companies announced in a statement. Banxa is internationally compliant, and one of a growing number of firms seeking to take blockcha
