It’s no secret that online merchants are in a perpetual battle in mitigating credit card fraud. Rates of fraud are escalating because it is a fast-earning, largely anonymous, easy crime to commit. In fact, there are cybercrime ‘businesses’ and hacking groups all over the world, particularly in the eastern Europe and Asia regions, whose missions…
Tag: credit card fraud
A Reminder for 2017: Credit Card Fraud is Alive and Well
We’re not big on New Year’s resolutions here, but there are a few things e-commerce merchants might want to take under consideration, if not already, for 2017 regarding credit card fraud. It’s going to get worse. As a reminder, with the U.S. migrating from credit cards with the magnetic stripe to those with the microchip,…
Small Business Hacking Getting More Common
This blogpost was originally posted on Instabill’s satellite website, Instabill.info, on June 12, 2015 with the help of Ed Black, a former PCI Director at Comodo, now a Territory Manager at Heartland Payment Systems. Ed Black says the worst thing a small business owner can believe is that his/her company is safe from hackers, simply…
3 Reasons EMV Credit Cards are Not the Silver Bullet
Perhaps we’re dating ourselves by using the ‘silver bullet’ description in referencing the new EMV credit cards. For those not much into 1960s horror films, the ‘silver bullet’ theory describes the only way to kill a werewolf. In terms of the credit card payments industry, fraud is the werewolf, but the new EMV credit cards…
Credit Card Fraud Trends Reveal Important Stats
Cybercrime and financial fraud has been running rampant in recent years, causing many to worry about how they can safely spend money using their credit cards. With fears of credit card fraud at all time highs, the need to combat the growing trend is apparent. However, in order to get closer to the worldwide goal of…
Australian Businessman Believed To Be Bitcoin Founder
Bitcoin has taken the public by storm. It’s not just a hobby for tech enthusiasts anymore, but rather, an investment opportunity. It’s even begun to change the way the payments industry functions, and has caused many e-commerce merchants to open bitcoin merchant accounts. It has emerged as a safer way to spend money online, as…
Report: Retail Industry Suffers the Most Data Breaches
Recent reports show that most data breaches occur within the retail industry, revealing a major trend in cybercrime and credit card fraud. Other industries often targeted by hackers and cybercriminals include hospitality and food, but the retail industry accounts for nearly half of all global data breaches. Troubling Numbers for the Retail Industry The Trustwave report revealed that 43%…