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Mushrooming fake store sites, deceptive domains, and compromised e-commerce sites are just a few of the threats facing online shoppers and businesses this holiday season, according to reports recently released by two cybersecurity companies.
The retail industry is bracing for more than just the usual surge of cyberattacks this holiday shopping season. Among the most persistent challenges is the rise in advanced bad bot traffic, which has surged by 58% compared to last year.
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.
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.
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 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.
According to Kumar Dasani, CISO at Digital River, AI’s seemingly boundless potential has spurred concern. The pace of its evolution has suggested capabilities that may be difficult to fathom for some, but it’s also important to stay rooted in reality.
Better cybersecurity may soon come to a mobile app you use in time to defend against a rising wave of data breaches, malware assaults, and AI-powered bot attacks.
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.
A growing concern among merchants is their ability to meet new payment card industry (PCI) security standards as early as next March. Failure to complete the upgrade within one year could result in penalties from $5,000 to $100,000 or more.
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.
Venn Software introduces a patented secure enclave technology, transforming the control over PCs in remote work settings. This innovation promises to bring the ease of mobile device management to the personal computer domain.
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