Topic / Fraud Security

The Latest in Fraud Security

Equifax to acquire Kount for $640 million

Fraud prevention vendor Kount uses artificial intelligence to spot fraudulent transactions on ecommerce sites. The acquisition will accelerate Kount’s global reach.

Pirates pilfer parcels from porches everywhere

City dwellers are only slightly more likely than residents of suburbs or rural areas to have their online orders stolen off their doorsteps. While an online retailer is not liable for goods stolen from a consumer’s home, shoppers often will seek a refund from their card company, prompting a chargeback demand. Some merchants replace the product as an act of goodwill.