ThreatMetrix outlines four main themes to emerge next year: businesses shifting to digital, cybersecurity moving to the c-suite, the threat of cyberattacks becoming increasingly global and heightened fraud strategies putting digital identity intelligence front and center.
The merchants who will be most affected by the country-wide switch to EMV cards will be card-not-present merchants. Here’s why.
A recent survey of top Internet retailers found that over one-third are unprepared for the 2015 holiday shopping season, while another study revealed that ecommerce and mobile fraud are on the rise.
The seemingly incessant tsunami of data breaches, cyberattacks, identity theft, and all things cyber threat, has necessarily ratcheted up the cost of prevention. Here is how you can keep fraud away from your business.
Retailers as a whole missed the recent industry-imposed deadline for enabling secure chip-enabled card transactions, known as EMV.
By October 1, most U.S. debit and credit cards will have been reissued with microchip technology to a more secure global payment system known as EMV.
As with ecommerce in general, merchants who prioritize fraud prevention and detection will benefit the most from affiliate marketing relationships, while those who don’t do their research are putting their revenue stream, reputation and banking relationships at risk.
The parallel rise of fraud and spending doesn’t seem to add up upon first glance. As fraud increases throughout mobile and electronic commerce, some would think that spending throughout these channels would begin to decline. However, this is not the case.
When it comes to fraud, international merchants are just as susceptible. See what challenges international merchants face when it comes to fraud.
EMV greatly reduces the impact of in-store fraud, as the new cards with embedded chips generate a unique token for each transaction, making them difficult or impossible to counterfeit. But by almost all estimations, the U.S.’s move to EMV will lead to massive increases in ecommerce fraud, perhaps even more so than countries like the U.K. and Australia.