Kount Blog
Blog Against Fraud

3 Unappetizing CNP Fraud Trends in Food and Beverage eCommerce

Posted on Friday, September 22, 2017

Consumers are gorging on online food sales, which are projected to soar 357%, from $42 billion in 2016 to $150 billion by 2025. 

What’s fueling this explosive growth?

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Topics: food and beverage, card not present

The State of Mobile for Apparel and Accessories Retailers: Infographic

Posted on Friday, September 22, 2017

It’s great to see how you compare to other Apparel and Accessories retailers, especially when it comes to mobile payments and fraud. Our 2017 Mobile Payments and Fraud Report gives insight from over 800 merchant respondents. Check out this fun infographic and see how your peers feel about the current state of mobile payments & fraud!

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Topics: mobile payments, infographic, apparel and accessories

Tricks and Tactics of eGift Card Fraudsters

Posted on Thursday, September 21, 2017

eGift cards are one of the hottest trends in eCommerce. Digital gift card sales will grow 40% this year—from $10 billion in 2016 to $14 billion in 2017. In fact, during the holiday season, eGift cards will actually outsell physical gift cards. Perhaps that’s why 81% of leading internet retailers now offer digital gift cards.

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Topics: fraudster, egift card

24 Months After the EMV Deadline: Are Fraudsters Flocking to Online?

Posted on Wednesday, September 20, 2017

Yes, fraudsters are definitely flocking to online fraud. Possibly rushing. Maybe even stampeding!

A number of predictions were made about how much the EMV mandate would affect card-not-present fraud rates. Some projections were conservative, while others were more aggressive.

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Topics: EMV, card not present

Diamonds are a Fraudster’s Best Friend

Posted on Tuesday, September 19, 2017

The qualities that make diamonds "a girl's best friend" are the same qualities that make them (and other jewelry and luxury items) attractive to fraudsters.

  • Diamonds are high-value, highly-desired goods.
  • Diamonds don’t lose their value over time (in fact, they may even increase in value).

And even more important to fraudsters:

  • Diamonds store tremendous value in a small footprint, making them easy to warehouse (e.g., a $5,000 diamond ring takes up 2 inches of space, much less than a $5,000 4K Ultra HD 75-inch TV).
  • They can be easily turned into cash without significant discounting from the retail price.
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Topics: fraud prevention, diamonds, online jewelers

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