Kount Blog
Blog Against Fraud

Take Five for Frauding

Posted on Friday, September 23, 2016

How FFA UK’s new campaign helps consumers and companies alike to combat the war on fraud

Kount is pretty handy when it comes to protecting the payments industry from fraud, and, with our recent addition of two new patents for enhanced online user verification, we’re bolstering our defenses all the time.   

That being said, the war on fraud is escalating every day. Fraud in the UK payments industry has leapt 53% in a year, a financial scam occurred once every 15 seconds between 1 January and 30 June 2016, and cybercriminals are working in more sophisticated and collaborative ways than ever before.

It’s never been more crucial for the good guys to band together.

Perfect timing then for the launch of Financial Fraud Action (FFA) UK’s ‘Take Five’ campaign this week, an educational initiative to help the UK population protect themselves from preventable financial fraud.

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Topics: take five, financial fraud

Why PCI Compliance Matters

Posted on Thursday, September 15, 2016

Handling payment card data – and the sensitive information associated with it – is a very fragile responsibility, and it’s vital that vendors in the payments industry take proper precautions for account data protection. That’s why, since its founding, Kount has chosen to be certified under the Payment Card Industry Data Security Standard (PCI DSS.) As many online and payment technologies have chosen not to become PCI complaint, we’ve often been asked what makes being PCI compliant so different? What does it take?

Well ask no further – we’ve dedicated an entire post on what being compliant means, what it takes, and the benefits of meeting this specific set of security standards put forth by the credit card industry's PCI Security Standards Council.

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Topics: payment card, PCI compliance, cardholder data

Chargebacks? Better Dash!

Posted on Tuesday, September 6, 2016

Why Amazon’s Latest Innovation Could Have Your Customers ‘Dashing’ to claim a Chargeback

The Internet of Things (IoT) gained its newest member this week as Amazon brought its Dash buttons to the UK market. The £4.99 Wi-Fi-enabled pieces of plastic, already familiar in the US, allow consumers to bring one-click shopping into their homes and order a specific household product from over 40 brands, all at the push of a button.

However, when the worlds of IoT and Card Not Present (CNP) payments combine, the ensuing potential for fraud could leave you wishing you had a button with Kount’s name on it for an emergency order of anti-chargeback advice.

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Topics: chargebacks, payments, apparel retailer

How “Available” is Your Fraud Prevention Software?

Posted on Friday, September 2, 2016

High software availability drives many initiatives related to product improvements and new releases. If a software company has high availability, they work towards an agreed level of uptime shown as a percentage over the course of a year. As an end user, we pay no attention to this until the software is down. We have all experienced that frustrating moment when unavailable software puts a wrench in our daily routine. Furthermore, when your fraud prevention software is down, it can cause a surge in fraudulent orders, a decline in sales, or poor performance of your internal processes. Have you wondered how much software downtime can cost your company?

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Topics: fraud prevention, unplanned downtime, high availability

Life As A Fraudster: Fraud University

Posted on Tuesday, August 23, 2016

“Fraudsters are always probing to find the next better deal." 

Don Bush, VP of Marketing, Kount

Welcome to Fraud University! Come spend the day with a young fraudster starting his college career. Only he’s not majoring in engineering. Or physical therapy. He’s majoring in fraud.   

Wannabe cybercriminals like our “freshman” can easily find online resources they need on dark nets and cryptonets to progress from an amateur hacker to become an integral part of a cybercriminal organization. They can learn how to establish synthetic identities, which proxies to use to hide their true locations, where to get one of the 113 million stolen Social Security Numbers available, and much more. Oh, the bell is ringing. Better hurry or you’ll be late to class…

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Topics: data breaches, fraudster

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