In February 2016, Wendy’s reported a potentially massive data breach across hundreds of restaurants in its network of 6,500 locations. It turned out that the point-of-sale systems for over 1,000 franchisee locations in its network were infected by a malware since the fall of 2015, the extent of…
Account takeovers are a constant danger that carry serious consequences for financial institutions. As a Javelin study noted, identity fraud resulted in $112 billion in losses for consumers between 2009 and 2015. A large volume of compromised accounts can mean substantial rewards for criminals. Consequently,…
Much like a chain-link fence is a deterrent that holds back burglars from accessing private property, a company’s digital security keeps cyber criminals from gaining access to confidential business information. It ensures that hackers don’t breach internal IT infrastructure that might protect sensitive data. However, much like a chain-link fence, cyber security…
By Jon Pearson, Sales Director, Transformational Digital Journeys, Banking @ Feedzai Customer behavior is changing and challenger banks are emerging. Friction and abandonment are now avoidable as increased application acceptance becomes the focus. What should an established Tier 1 bank do to get on the…
Users of marketplace platforms such as Uber, Kickstarter and Airbnb stay on the platform because they trust the platform. These marketplaces are also targets for fraudsters whose actions erode trust and cause user attrition that is difficult to reverse. To maintain the user base, marketplaces…
Convenience is the name of the game in the modern world, and no one knows this better than peer-to-peer delivery companies. These organizations rely on contracted couriers to transport goods from brick-and-mortar stores to the customers who ordered them online. Postmates, one of the most…
In little more than two hours on the morning of May 15, 2016, criminals in Japan stole 1.4 Billion yen ($13 million in U.S. dollars). They accomplished this feat by targeting ATMs in 7-Eleven convenience stores and making an estimated 14,000 withdrawals. The fraudsters…
Many people wish they could live the life of a celebrity, with all the fortune and luxuries that fame provides. In 2013, a 19 year-old Florida man named Luis Flores, Jr. got a taste of the good life by using private information to commit identity…