Kount Blog
Blog Against Fraud

You Might Have a Fraud Problem If…

Posted on Tuesday, September 16, 2014

From eBay to Target to Home Depot, we’ve seen some notable brands get hacked in the past year. Previously we shared how Kount sees telltale signs of a breach, often before the victimized company realizes it has a big problem. And by the time that problem is public, fraudsters around the world have had fresh account information for weeks, putting every online retailer at risk.

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Fraudsters Are Ready For Cyber Monday, Are You?

Posted on Monday, September 15, 2014

2.29 billion. According to Internet Retailer, last year’s Cyber Monday demolished all previous sales records. While this year may not match the 20% year-over-year increase reported by IBM in the article, online businesses need to prepare for a surge in sales come December 1st. And, if you aren’t prepared, a fraud hangover months after the silly season is over.

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A Breach A Day Doesn’t Keep Risk Away. But Payment Processors Do

Posted on Friday, September 12, 2014

Not all breaches are created equal, but nearly all impact online businesses. From stolen product to chargebacks, online retailers traditionally bear the most risk when it comes to fraud. But given the growing number and frequency of breaches, this responsibility is starting to spread across the payments industry, either through pending regulation and increasing oversight or by organizations stepping forward to battle the issue. Count online payments processors among those joining the fight against fraud alongside online merchants.

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Home Depot’s Breach Just Weaponized Millions of Data Records. But Personas Fight Back

Posted on Thursday, September 11, 2014

Home Depot just opened the kimono a little further, confirming a breach of their payment data systems (watch for our blog post “The 7 stages of breach” coming later this month). If things play out as they have in previous breaches – i.e., the Target breach of last year – there is more bad news to come. Much more. In fact, there is a strong possibility that millions of data records will become “weaponized” just in time for the holiday shopping season. In other words, fraudsters will not only have stolen credit card information, but credentials like email addresses, billing ZIP Codes, telephone numbers, PINs and other information which will make it virtually impossible to detect fraud in card-not-present transactions.

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Where’s the Common Ground for Russia & Ukraine? Fraud

Posted on Friday, September 5, 2014

Imagine coming home to a flooded kitchen. You can see the water, there is obviously a leak but you have no idea where it’s coming from or what caused it. Until Brian Krebs and others started to connect the dots earlier this week, we knew rings of criminals in both Russia and Ukraine had a significant batch of data and credit card numbers available for sale. Now we see the dots pointing to a massive breach at Home Depot that may eclipse what happened at Target last year.

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