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/ Technology

ThreatMetrix digs more deeply to identify fraudulent online transactions

ThreatMetrix has launched a new version of its fraud-detection system designed to dig more deeply into the Internet technology behind criminal transactions by identifying the computers used to conduct fraudulent transactions.

Posted 03/18/2010Katie DeatschPost a comment

ThreatMetrix has launched a new version of its fraud-detection system designed to dig more deeply into the Internet technology behind criminal transactions by identifying the computers used to conduct fraudulent transactions.

/ Marketing

Afraid of fraud, 30% of U.S. e-retailers block orders from some countries

E-retailers are looking abroad for sales as the domestic economy sinks, but many are wary of the risk that such orders pose. 30% of merchants that accept international orders online have stopped taking orders from one or more countries because of fraud.

Posted 02/10/2009Katie DeatschPost a comment

E-retailers are looking abroad for sales as the domestic economy sinks, but many are wary of the risk that such orders pose. 30% of merchants that accept international orders online have stopped taking orders from one or more countries because of fraud.

/ Technology

Season of giving creates worries about taking

57% of U.S. adults are concerned about being a victim of identity theft during the holiday season, and 66% believe they are more at risk when making purchases online, according to a new survey.

Posted 12/20/2007Kurt PetersPost a comment

57% of U.S. adults are concerned about being a victim of identity theft during the holiday season, and 66% believe they are more at risk when making purchases online, according to a new survey.

/ Technology

Fraud losses will grow in step with sales this year, CyberSource projects

Dollar losses from e-commerce fraud will grow 18% this year to $3.6 billion, reports the annual merchant fraud survey from payment processor and risk management company CyberSource. The percent of sales merchants expect to lose to fraud remains at 1.4%.

Posted 11/13/2007Don DavisPost a comment

Dollar losses from e-commerce fraud will grow 18% this year to $3.6 billion, reports the annual merchant fraud survey from payment processor and risk management company CyberSource. The percent of sales merchants expect to lose to fraud remains at 1.4%.

/ Technology

Consumers concerned over data security—and it’s not just about ID theft

A Zogby Interactive survey finds that worry about identify theft now reaches 91% of online Americans. 35% worry that retailers and others won’t follow through on promises not to share or sell customer information.

Posted 04/12/2007Paul DemeryPost a comment

A Zogby Interactive survey finds that worry about identify theft now reaches 91% of online Americans. 35% worry that retailers and others won’t follow through on promises not to share or sell customer information.

/ E-Retailers

Online computer retailer eCost posts a net loss in Q3

ECost.com, which merged with PFSweb Inc. in February, posted a net loss of $3.9 million on revenue of $16.7 million in the third quarter. But the unit’s financial performance is improving, says PFSweb CEO Mark Layton.

Posted 11/29/2006Mark BrohanPost a comment

ECost.com, which merged with PFSweb Inc. in February, posted a net loss of $3.9 million on revenue of $16.7 million in the third quarter. But the unit’s financial performance is improving, says PFSweb CEO Mark Layton.

/ Technology

E-commerce fraud losses will total $2.8 billion in 2005, CyberSource says

E-commerce fraud losses will total $2.8 billion this year, up 8% over last year, with mid-size to large merchants experiencing the largest hikes, according to the 7th Annual CyberSource fraud survey.

Posted 11/09/2005Kurt PetersPost a comment

E-commerce fraud losses will total $2.8 billion this year, up 8% over last year, with mid-size to large merchants experiencing the largest hikes, according to the 7th Annual CyberSource fraud survey.

/ Technology

Brand owners face obstacles in tracking online sellers of counterfeit goods

As the sale of counterfeit brand name items on the Internet grows, more companies are taking to the web to search out fakes, but their task is not easy, says Glen G. Gieschen, managing director of Gieschen Consultancy.

Posted 06/13/2005Kurt PetersPost a comment

As the sale of counterfeit brand name items on the Internet grows, more companies are taking to the web to search out fakes, but their task is not easy, says Glen G. Gieschen, managing director of Gieschen Consultancy.

/ Technology

Phishing activity on the rise as fake sites, reports of scams increase

Online phishing scams lure consumers to bogus web sites to get them to divulge credit card and other personal information. Financial services are the largest target, but online retail now accounts for 6% to 9% of reported scams, says industry group.

Posted 02/03/2005Kurt PetersPost a comment

Online phishing scams lure consumers to bogus web sites to get them to divulge credit card and other personal information. Financial services are the largest target, but online retail now accounts for 6% to 9% of reported scams, says industry group.

/ Technology

Nearly half of online merchants expect fraud to rise in 2005, study says

Online payment fraud will increase next year, according to the largest percentage of online retailers in a survey conducted by CyberSource. 49% expect fraud to rise, while 44% expect it remain the same and 7% say it will decline.

Posted 12/27/2004Paul DemeryPost a comment

Online payment fraud will increase next year, according to the largest percentage of online retailers in a survey conducted by CyberSource. 49% expect fraud to rise, while 44% expect it remain the same and 7% say it will decline.

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