online fraud News

iovation Predicts New EMV Chip Cards Will Lead to Increase in Online Holiday Fraud

Iovation, a provider of device intelligence for authentication and fraud prevention, is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past …

Online Fraud in 2012 Resulted in $525M in Losses

Online fraud is big business for criminals. The Internet Crime Complaint Center (IC3), jointly run by the Federal Bureau of Investigation and the National White Collar Crime Center, reported receiving over 289,000 complaints in 2012, which resulted in more than …