Common Types of CNP Fraud to Watch Out For

Fraudulent activity for card-not-present (CNP) transactions has been sharply increasing. According to an article from pymnts.com, credit card fraud is expected to more than double by 2018, reaching $6.4 billion. The enhanced security of EMV chip cards have influenced fraudsters to focus on “easier” CNP transactions. Plus, with the US markets finally adopting EMV technology, cross-border credit card fraud is expected to increase as well.  More...

3 Ways to Battle CNP Fraud

Fraudulent activity for card-not-present (CNP) transactions has been sharply increasing. According to research from ACI Worldwide, online retail fraud attempts have increased 30 percent year over year. While part of this is due to the increasing success of the ecommerce industry, the enhanced security of chip-and-PIN cards utilized by brick-and-mortar retail have influenced fraudsters to focus on “easier” CNP transactions. More...

Why & How to Prioritize Security Compliance

Keeping your ecommerce website up to date on the latest best practices in security compliance protects your business in many ways. Your data is safe, and so is your reputation with customers – who trust you with their personal and financial information. If you experience a breach because you didn’t have the proper security measures in place, you may face fines and legal penalties. As an example, Target Corp. settled claims over its 2013 holiday season data breach where they agreed to pay Visa issuers up to $67 million. There are multiple financial incentives for maintaining strong site security. More...

Tips for Battling Data Breaches & 'Fast Fraud'

With non-physical goods – like ebooks, music, video games, digital gift cards, etc. – transactions occur instantaneously, with little verifying information. These speedy transactions are convenient for customers, but have opened the door to “fast fraud,” which is quickly (no pun intended) growing into a major issue for ecommerce sites. In these types of digital transactions, traditional payment solutions don’t have the verification speed to match the product delivery speed (which is instant). This allows fraudsters to steal and resell digital goods and/or consumer data, creating huge problems for e-tailers.  More...

Credit Card Security: Bad News for Ecommerce?

You don't even have to be tuned into the news to have heard about the the increased amount of credit card fraud and theft of customer data from retailers. Chances are, you've received an email from a retailer apologizing for the breach and advising you to change your login data and check your credit card statements. Luckily, the advent of smart-chips in credit cards should increase credit card security - but not necessarily for ecommerce sites. More...