Fraudsters are taking aim at your customers and profits – discover what you can do about it now
History proves criminals don’t give up — they simply develop a new plan of attack targeting e-commerce and online retailers. These attacks can have serious impact to your brand reputation and your bottom line profits. Card-not-present fraud is now 81% more likely than illicit actions at brick-and-mortar stores, according to Javelin Strategy & Research’s 2018 Identity Fraud Study. Additionally, TransUnion research estimates that synthetic fraud now comprises 85% of first-party fraud — and shows no sign of slowing down. In fact, many synthetic fraudsters mimic real customers so well that merchants view their delinquent accounts as nonpayment issues, believing they simply can’t find the person to follow up.
But nothing invites fraud faster than new technology and the security learning curve it presents. And unfortunately, fraudsters’ attacks are evolving more quickly than the controls put in place to protect mobile payment applications. Download TransUnion’s insight guide to learn more about these new threats and how you can fight back.
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