New Visa Attack Hole Demands New Fraud Defenses

Evan Schuman is a guest contributor to the Sift Science blog.  When security researchers recently published that multi-merchant attacks gave them unlimited attempts at guessing Visa card fields (but not Mastercard fields), it was a reminder of the inherent fragility of payment card security today. One way to successfully defend against such an attack is by […]

Don’t Let Holiday Fraud Checks Alienate Shoppers

Evan Schuman is a guest contributor to the Sift Science blog. With purchases soaring this time of year, it’s comforting to remember that the fraud rate doesn’t increase just because overall transactions rise. But there’s some other calculus to keep in mind: although the fraud rate doesn’t go up in December, shoppers’ verification tolerance plunges. In other words, […]

Mobile Commerce, Payments, and Fraud By the Numbers

Does it feel like more and more people are working on the go, totally tapped into palm-sized screens? That’s because they are. Consider how often you pull out your phone, whether to check a message, log a mile, get directions, or play a game. Mobile use is at an all-time high, and as a result more […]

Forging Ahead With The Fraud Fighters Forum

With December fast approaching, the team behind our Fraud Fighters Forums is hard at work planning out our 2017 meetup cities and discussion themes. There are lots of exciting plans in store! Just to recap, the Fraud Fighters Forum is an effort to build connectivity among the people who are on the front lines of […]

The Hidden Operational Costs of Fraud

Evan Schuman is a guest contributor to the Sift Science blog. It’s no secret that fraud is costly for online businesses. But are you tracking exactly where your money is going? A new report from Javelin research found that fraud costs merchants more than 7.5% of their annual revenue –  a figure computed by looking […]

10 Things You Need to Know about Social Engineering

We’re all familiar with the “WarGames” or “Tron” image of internet criminals: sophisticated, gadget-savvy, mysterious. But most hackers don’t rely on gadgetry or getaway cars at all. Instead, they  use a simple – yet staggeringly powerful – trick of the trade: psychology. Using psychological tools to manipulate users into giving up confidential information is called social engineering. […]

Holiday Fraud Prevention: 7 Tips From the Pros

Is anyone ever really ready for the holidays? It’s hard enough to keep up as a shopper, but if you also work in e-commerce fraud prevention, you know you’re guaranteed a crazy ride. To help you navigate the seasonal rush, we crowdsourced some expert strategies from fraud and risk experts who’ve already logged a few seasons in […]