Cybercrime

Imagine losing billions in e-commerce revenue because consumers are taught how to game the chargeback system. This is the harsh reality facing digital marketplaces like Uber, Airbnb, Turo, and Etsy as they grapple with an escalating wave of fraudulent chargebacks.

Cybercriminals are exploiting young gamers' innocence for financial gain, putting their privacy and their families' financial security at risk. Experts emphasize the need for parental awareness, as children are particularly vulnerable to these scams.

In addition to targeting retail websites, fraudulent purchases and fake returns not only result in direct financial losses but also create additional costs and burdens for both sellers and customers. New data shows that 75% of consumers would readily drop a brand after any cybersecurity issue.

Cybersecurity experts and government officials have long supported the policy of not paying ransoms due to its potential to curb criminal activity and reduce attacks. Paying ransoms is risky and unreliable and does not guarantee that cybercriminals will restore access or decrypt files.

Lenient return policies and product promotions have become the gold standard for merchants who want to acquire loyal customers. However, these same strategies have opened them up to rampant policy abuse.

Artificial intelligence is behind a significant surge in sophisticated bad bot traffic, which went from bad to worse in the first quarter of this year. Instead of human net surfers, these bad bots generated nearly half of all web traffic.

A former "sneaker botter" who for years programmed bots to take advantage of e-commerce platforms now uses his experience to combat bot attacks to raid merchants' websites and prevent Account Takeover (ATO) attacks.

A study released Tuesday by digital risk protection solutions company Memcyco found that nearly three-quarters of businesses have deployed a digital impersonation protection solution to avert online scams, but only 6% of those organizations are satisfied that it protects them and their customers.

In 2021, cybercrime caused global damages that cost $6 trillion -- approximately $2 trillion more than the GDP of Japan -- the country with the world’s third-largest economy.

E-commerce merchants are bracing for escalating threats posed by customer dishonesty and insider misconduct. This trend is exacerbated by the economic downturn, which has tightened cybersecurity budgets, making the marketplace more vulnerable to attacks, including those from politically motivated, h...

Because violative merchants make efforts to conceal illegal drug offerings, the level of risk for payment providers is much greater than most realize.

Despite legislation created to stop “scalper” and “grinch” bots from buying products faster than humans on e-commerce sites, desperate consumers are wrestling with the dilemma of either paying inflated prices or using bots themselves.

The Federal Reserve's new FedNow Service allows instant money transfers but may exacerbate online fraud, experts warn. The service presents unique challenges due to its irreversible and rapid transactions.

Cyber insurance premiums are soaring as insurers limit what's covered, exposing a gap in cybersecurity financial safety nets, according to a new report.