Kount Blog
Blog Against Fraud

Is eCommerce Fraud Coming at You Fast and Making You Furious?

Posted on Wednesday, May 17, 2017

Online sales of auto parts are growing fast -- about 16% in 2016 compared to 3.5% for conventional retail. And they should reach $8.4 billion in 2017. All of that growth is on top of a 21% increase in 2015 over 2014.

Unfortunately, online fraud is growing fast, too. In fact, card-not-present (CNP) fraud is projected to more than double, from $10.7 billion in 2015 to $25.6 billion by 2020.

Why the surge? Four factors:

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Topics: automotive, ecommerce fraud, powersports

The Hidden Tax of Opportunity Cost in Fraud Prevention

Posted on Tuesday, May 16, 2017

There are 118 billion reasons for CFOs of eCommerce businesses to grapple with the opportunity cost of declining suspicious – but legitimate – online orders.

At least 15% of all cardholders have had at least one transaction incorrectly declined
recently, which represents an annual revenue loss totaling nearly $118 billion, according to Javelin Strategy and Research.

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Topics: fraud prevention, false positive, opportunity cost

Preventing “Unknown Unknowns” with Manual Review Best Practices

Posted on Monday, May 15, 2017

The best reason for having an Event Notification System (ENS) incorporated as a best practice in your manual review process? Avoiding the dreaded “unknown unknowns.

“There are known knowns, there are things we know we know. We also know there are known unknowns, that is to say, we know there are some things we do not know. But there are also unknown unknowns, the ones we don’t know we don’t know.” - Donald Rumsfeld, U.S. Secretary of State

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Topics: manual review, event notification system

The Direct Cost of Fraud Prevention

Posted on Thursday, May 11, 2017

Keeping score in sports is easy, right? Goals, points, touchdowns, runs, fastest times, etc. But there are other ways of tracking the less obvious elements of performance—time of possession, runs batted in (RBIs), rebounds, passing yardage, and even face-offs won or lost.

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Topics: fraud prevention, direct cost

Celebrating World Password Day, Every Day

Posted on Wednesday, May 10, 2017

There is already a plethora of sophisticated and aggressive tactics fraudsters use to steal your information. Consumers shouldn't make it even easier for them, but many inadvertently do by using weak, ineffective passwords and being careless with other personal information.  

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Topics: password, two factor authentication, personal information

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