Ensuring a merry and secure holiday season for online retailers
By Gav Winter (pictured, above), CEO at RapidSpike The upcoming holiday season – including the renowned Black Friday – holds immense significance for online retailers. As early as the end of October, the shopping frenzy begins with enticing discounts that continue throughout December and after Christmas with Boxing Day sales, making it an unparalleled retail […]
MOBILE MONTH: Selecting mobile fraud prevention solutions
Mobile phones, as personal devices frequently used for financial transactions, communications, and data storage, have become a prominent target for fraudsters. In the UK, mobile phone-based fraud prevention is a growing concern for many businesses. As anti-fraud professionals look to tackle this challenge, selecting the right supplier and solution is pivotal. Here are the principal […]
Meet with Ravelin, Kount, Checkout.com and more at the Merchant Fraud Summit
The Merchant Fraud Summit takes place on the 1st November, at the Hilton, London Canary Wharf – and as an industry professional this is your chance to secure one of the few remaining delegate places. Your complimentary pass includes: 🤝 A corporate itinerary of one-to-one meetings with solution providers💭 A seat at our industry seminar sessions (included within your itinerary)☕ Lunch and refreshments […]
Data and app security to drive risk management spending growth
Global end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023 when spending will reach $188.1 billion – with application security, data security and identity access management among the key drivers. That’s according to Gartner, which says the continuous adoption of cloud, continuous hybrid workforce, […]
90% of online retailers losing money to policy abuse
Policy abuse–behaviours such as excessive returns, refund scams such as claiming an item was not received or returning empty boxes, abusing promotions like coupon codes or loyalty program rewards, or reselling limited-inventory items is soaring, with 90% of online merchants believing the issue is a significant problem for their bottom lines. That’s according to Riskified’s […]
These are the most in-demand merchant fraud solutions for 2023/24
Fraud Detection Tools, Anti-Fraud Software and Chargeback Protection are topping the list of technologies the UK’s anti merchant fraud professionals are sourcing for 2023/24, according to our exclusive research. The findings have been revealed in the run up to the Merchant Fraud Summit, which takes place on November 1st in London and are based on […]
Harnessing artificial intelligence to combat merchant fraud in retail
The retail sector has been both blessed and cursed for the fast pace of e-commerce growth and arrival of alternative payments. The boon of online shopping and digitisation has expanded horizons for retailers, but with it comes the bane of increased fraud. Fortunately, Artificial Intelligence (AI) emerges as a stalwart ally in detecting and thwarting […]
Do you specialise in Mobile Fraud Prevention or AI for Fraud Prevention Solutions? We want to hear from you!
Each month on Merchant Fraud Briefing we’re shining the spotlight on a different part of the market – and in October we’ll be focussing on Mobile Fraud Prevention & AI for Fraud Prevention. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise […]
Visa highlights AI threat in latest data
Visa’s latest Biannual Threats Report highlights a ‘significant’ rise of phishing schemes proliferated through generative AI tools, and a marked increase in enumeration and ransomware. While the global fraud rate trended lower than normal expected fraud levels during the report’s time period (January – June 2023), Visa shared that it helped to proactively block $30 […]
Evolving payment methods to push remote physical goods fraud up by 400%
A study from Juniper Research predicts that the greatest merchant losses to fraud will be via remote physical goods purchases, with losses reaching $5.1 billion across emerging markets in 2028, up from $1 billion in 2023. Juniper anticipates fraud losses in Africa & Middle East to reach $1.1 billion in 2028; growing 643% from $150 million […]
