https://nudatasecurity.com/wp-content/uploads/2016/10/Money_wave.jpg 600 799 NuData https://nudatasecurity.com/wp-content/uploads/2017/12/Nudata_logo-300x112.png NuData2016-10-25 10:00:122018-06-11 14:23:33The cyber fraud tsunami – it’s even worse than you thought
A global tsunami of cyber fraud is hitting online businesses right now, and we’ll need new solutions to survive. In 2015, a Ponemon Cost of Cybercrime study found that cyber fraud as a whole cost global companies an average of $15.42 million per year, in the US this amounted to a 29% increase from the previous year. Juniper Research reported in May of this year that it expects cyber fraud to cost global businesses as a whole over $2 Trillion by 2019. The …
https://nudatasecurity.com/wp-content/uploads/2016/08/Application-Fraud.jpg 2811 4183 NuData https://nudatasecurity.com/wp-content/uploads/2017/12/Nudata_logo-300x112.png NuData2016-08-30 10:03:162018-06-13 14:09:56Fraudster fashion and the global rise of application fraud
When the EMV (chip and pin) liability shift went into effect in the US last year, many heralded it as a cure-all for the ever-increasing card fraud epidemic. Of course, EMV chip cards don’t do anything to combat online fraud, but they are having a downstream affect on online fraud. Fraudsters, not being completely stupid, are simply shifting their tactics. A crackdown on card-present fraud means the bulk of fraudulent efforts have now turned to card-NOT-present fraud – and will …
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