Kount Blog
Blog Against Fraud

Mobile Fraud: To See or Not To See

Posted on Wednesday, May 18, 2016

Imagine you’re at the corner of a busy intersection, wanting to cross the street. You press the button that activates the pedestrian crossing signal and watch the traffic zip by as you wait for the light to change. The traffic slows and then comes to a stop. The orange DON’T WALK signal on the other side of the street changes to a white WALK symbol. You do a quick look in both directions to make sure it’s safe, then step off the curb and into the crosswalk. When you’re about 10 feet from the other side, the white WALK signal changes to a flashing orange DON’T WALK, counting down 5-4-3-2-1. You step up onto the sidewalk and continue on. Simple and uneventful, right?

Now imagine trying to cross that same intersection blindfolded and with your ears plugged! You cannot see or hear the cars, the traffic lights, the crosswalk, or the pedestrian signals. You have no indicators if the signal says WALK or DON’T WALK, if traffic is stopped, if you’re in the crosswalk, or if you’re about to get hit by a bus! How comfortable do you feel stepping off the curb?

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Topics: mobile fraud, fraud prevention, mobile device

Trump Fraud

Posted on Thursday, May 12, 2016

Fraud does not discriminate. Even billionaire presidential candidate, Donald Trump (see what we did there?) can’t avoid falling victim to fraud; Trump Hotels experienced a significant data breach within their credit card systems just last year.

Democrat or Republican, fraud affects everyone and everything, because the cyber criminals behind the scenes couldn’t care less who you are or how you vote. From Fortune 500 companies and mom-and-pop shops affected by fraudulent transactions and data breaches, to children whose identities have already been stolen, or the millions of Americans whose lives have been devastated from the recent IRS breach, no one is safe. Why? In the immortal words of legendary bank robber Willie Sutton, “that’s where the money is.”

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Topics: mobile fraud, fraudsters, fraud

Ac(K)ount Takeover Part 2: How To Avoid Becoming Bait

Posted on Monday, May 9, 2016

Account takeover is as common in the fraud world as fish in the sea. While it’s been around for a while, it’s gained significant traction as a new buzzword and one of the most popular types of fraud today. It’s become so widespread, we not only have one – but two – posts to examine how it works and what you need to beware of. Today, we take a look at what you need to know about how to stop and prevent it.

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Topics: fraud, account takeover

Mobile Fraud: What You Don’t Know Can Hurt You

Posted on Wednesday, May 4, 2016

There’s an old joke in advertising: “I know half my advertising budget is wasted. I only wish I knew which half.” Unfortunately, too many eCommerce merchants could make a similar (bad) joke about their fraud prevention systems. This is especially true when it comes to mobile commerce – the fastest growing channel in eCommerce today.

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Topics: mobile fraud, mobile commerce, eCommerce

Do More Mobile Orders Necessarily Mean More Fraud?

Posted on Tuesday, April 26, 2016

Today, less than 1 in 10 merchants get more than half of their revenue from the mobile channel. But that number is projected to triple to nearly 1 in 3 merchants in just two years. Those compelling numbers come from the recently published Mobile Payments and Fraud: 2016 Report.

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Topics: mobile fraud, mobile order, mobile payments, mobile channel

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