Just when you thought there couldn’t be another type of cyber thief, they develop new and devious methods to steal valuable information and finances. Over the last few yearsthere has been an uptick in “SIM pharm” crimes. This form of crime has encompassed avariety of scams including theft of banking credentials, impersonation, investment fraud,and online…
Category: fraud prevention
fraud prevention, Global Security News, Security Bloggers Network, Uncategorized
Stopping Chargeback Abuse: How Device Identification Protects Your Bottom Line
Every day, online merchants lose thousands of dollars to a growing challenge: chargeback abuse. What started as consumer protection has become a favorite tactic for fraudsters. The numbers are stark: each chargeback costs merchants nearly $200 in combined expenses, according to a report from LexisNexis Risk Solutions. That adds up to billions in lost merchandise,…