Fraud Prevention
Consent Phishing: An Increasing Threat
As the pandemic continues to keep many workers home from the office, companies are using cloud services and apps more than ever. This heightened use of virtual tools has led to an increase in certain types of phishing attacks. In particular, we are seeing a rise in consent phishing. What is it? Consent phishing is…
Read MoreSocial Distance Yourself From Online Coronavirus Scams
Rapidly changing information about the coronavirus is making all of us anxious to consume as much news as possible. Things can be a bit scary, and it’s worse when you feel like you don’t know what’s going on. However, we must stay vigilant – there are criminals out there who want to capitalize on this…
Read MorePhishing Scams – Don’t Take the Bait
Email and internet scams are becoming more widespread and continue to plague individuals and businesses alike. Most scams attempt to trick the recipient into disclosing personal or high-level account information to be used with malicious intent. These are phishing scams. Other scams include clickbait links that download malware onto the user’s computer, allowing the scammer direct…
Read MoreMoney Laundering 101: Understanding the Basics
Money laundering is an intricate process used to conceal the origin of illegally obtained funds. Through this system, criminals disguise the profits of illicit activities so they appear to be from a legal source. Simply stated, it is the act of integrating “dirty money” into the legitimate financial market so that is becomes a usable…
Read MoreThe Hidden Costs of Chargebacks
As a society filled with online shoppers, we have grown accustomed to having all our wants and needs available at the click of a button. Over recent years, ecommerce sales have been growing steadily, increasing from 4.2% of overall sales in 2010 to over 10.2% in 2019. However, with this increase in ecommerce sales comes an…
Read MoreA Successful Fraud Team Knows How to Answer These Three Questions
The case for building and maintaining a fraud team is quite simple: each year billions of dollars of products and services are targeted by eCommerce cybercriminals. Without professionals skilled at snuffing out fraud attempts, the financial performance of the company suffers. A mission-focused, well-staffed, and effectively operationalized fraud team is an investment that leads to a bolstered…
Read MoreNo Genies Necessary: 3 Wishes a Successful Fraud Team Grants
My four-year-old daughter is into Shimmer and Shine, a delightful children’s television program about genie sisters named Shimmer and Shine. These genie sisters grant three wishes per day. And occasionally, the sisters need to use their wishes to thwart their archenemy, a sneaky sorceress named Zeta. By the end of the episode, Zeta is put…
Read MoreProtect Your Identity Like a Trade Secret
Online identity theft continues to plague consumers worldwide. While technology enables greater cooperation and sharing, it also exposes that valuable information to increased risk of theft or abuse. Personal data is constantly proliferating across the digital landscape. As a result, identity theft experiences are on the rise. If you are lucky enough to never have…
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