A flaw discovered in some Xiaomi phones(opens in new tab) could have cost users their hard-earned money. Cybersecurity experts from Check Point Research (CPR) found a flaw in the devices’ mobile payment mechanism, which threat actors could have used to sign fake payments, essentially stealing people’s money. “We discovered a set of vulnerabilities that could […]
There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase from the same period in 2018 and a 14% increase from all of 2020 so far, TransUnion research reveals. Holiday shopping season fraud stats The findings […]
eCommerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years, with annual spending reaching $9.2 billion by 2020, up by 30% on current levels, according to Juniper Research.
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