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Shipping fraud quickly emerging as one of the top fraud types

11

Mar

2022

The continuous growth of e-commerce could be behind a surge in shipping fraud, which is now the fastest growing type of digital fraud worldwide, according to a TransUnion report. There was an influx in shipping fraud in 2021, resulting in a 780.5% year-over-year (YoY) global increase. When compared to a two-year timeframe from 2019 to […]

Category Cyber-crime Phishing Written by Helpnetsecurity 0 Comments

Cosumers don’t think they can dodge identity fraud

11

Mar

2022

Nearly one in 10 smartphone users in the UK (9%), as many as 5.7 million people, have fallen victim to identity fraud in the last 12 months, according to a research by GBG. The report can reveal that young adults aged 18-to-24 were hardest hit with 18% becoming victims of identity fraud compared to 9% […]

Category Cyber-crime Identity theft Written by Helpnetsecurity 0 Comments

Fraud detection and prevention costs merchants more than fraud itself

08

Mar

2022

European merchants spent nearly €7 billion on fraud detection and prevention in 2021 alone – more than three times the value lost to fraud in the same year, CMSPI estimates. These practices are unsustainable for the continent’s merchants, who are currently facing compound annual fraud growth of 1.5%. As retailers’ margins are squeezed, fraud and […]

Category Cyber-crime Phishing Written by Helpnetsecurity 0 Comments

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Shipping fraud quickly emerging as one of the top fraud types

Fraud detection and prevention costs merchants more than fraud itself

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