Both retailers and cardholders are falling prey to triangulation fraud, involving an unscrupulous intermediary of which neither are even aware. With Valentine’s Day now past and Easter excitement building, the National Retail Federation projectsconsumers will spend billions of dollars for gifts, cards, and candy. In fact, consumers spent $40 billion on Easter gifts and festivities in 2019. Some of that money will likely be lost to triangulation fraud. Consumers shopping for a special spring outfit or Easter gift, but looking for a better deal than major retailers offer, could fall prey to triangulation fraud. This scheme involves three parties: the fraudster, the legitimate cardholder, and the buyer looking for a deal. This scheme doesn’t generally raise any red
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Spoiler alert: user verification happens ongoingly in the background, cutting customer friction. Adopt a continuous adaptive risk and trust assessment (CARTA) – aka Connected Intelligence in the Mastercard world – to prevent fraud and boost online sales. In our last post, we talked about assessing every step along the way in a customer’s journey. Starting at login and finishing at checkout, this approach to fraud detection is what Mastercard has been promoting as Connected Intelligence and Gartner supports under …
Boost your security with a few simple actions March is Fraud Prevention Month and what better time to do a little online spring cleaning? In the past year, among the many brands that made the headlines we have Macy’s, Marriott and other Starwood Hotels, and Kay Jewellers. These companies have something in common, and it is not the size: they all store customer data. So, if you think you are off the hook because your company is not meaty enough for hackers, 
How to stay safe online and avoid online scams during this pandemic As the COVID-19 pandemic is reshaping business and daily life, there is no shortage of people who see this crisis as an opportunity to capitalize on those seeking some answers or comfort online. Cybercriminals are dusting off old tricks and adding the Coronavirus tag to increase their chances of a click, download, or purchase. Who doesn’t want to know the one-and-only trick to prevent the virus? Or the 
If you were asked who the world’s first computer programmer was, who do you imagine? Would you be surprised to learn that it was a woman? Born in London in 1815, Ada Lovelace was a talented mathematician. She was intrigued by the Analytical Engine invented by Charles Babbage, which many have deemed the first computer ever created. Further inspired by a paper written by the Italian mathematician Luigi Menabrea, she then went on to write an extensive sequence of mathematical