Kount Blog | eCommerce
Blog Against Fraud

6 Fraud Trends Spoiling Food & Beverage eCommerce

Posted on Wednesday, October 11, 2017

Although online food and beverage businesses have traditionally been perceived as less of a target for fraudsters, fraud losses are still substantial:

  • $765 million in fraud losses in the food and beverage industry—3.4% of total $22 billion in card-not-present (CNP) fraud losses
  • Fraud losses are equivalent to 1.5% of total food and beverage industry revenues
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Topics: eCommerce, fraud, food & beverage, fraud trends, QSRs

How Hurricane Irma and Hurricane Maria Impacted eCommerce

Posted on Monday, September 25, 2017

By, Josh Johnston, Manager of AI Science at Kount

Storms In The Data

Kount protects e-commerce transactions from all over the world to help merchants stop fraud while recognizing good customers. Our analysts and artificial intelligence experts pore over hundreds of data points from each transaction to find patterns and optimize algorithms. Due to the nature of business, we are often measuring in dollars and cents. But the data can also tell a human story.

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Topics: artificial intelligence, eCommerce, AI, hurricane irma, hurricane maria

Five Strategies for Overcoming Cross-Border Fraud

Posted on Monday, June 5, 2017

Written by: Sam Hartung, Manager, Risk Partnerships - Whitepages Pro

Cross-border shipping is one of the fastest growing segments of the B2C eCommerce market. While this global growth offers a breadth of opportunity for merchants, fraudsters have taken note. Global commerce presents unique fraud prevention challenges that many domestic companies have not yet faced, and in many cases, current domestic processes are not adept in catching cross-border fraud. 

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Topics: eCommerce, cross-border fraud

The UK Leads The Way In Fraud

Posted on Tuesday, August 16, 2016

Figures released recently have shown that fraud in the United Kingdom continues to rise at a very worrying rate.

  • UK card fraud rose by 18%, the sharpest increase in Europe
  • UK contributed 43% of total monies lost on card fraud across Europe
  • 75% of this came from card-not-present fraud and the bulk of this was from e-commerce

There has been no let-up in fraud, no respite from the continual growth. But now, more than ever, there has to be action.

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Topics: eCommerce, fraud

The (Not So) Obvious Advantages of SaaS Fraud Prevention

Posted on Thursday, June 30, 2016

We were struck by two seemingly contradictory findings when we conducted in-depth interviews with eCommerce retailers about fraud prevention:

  • Time and again, retailers said their biggest issues were a) on-going maintenance costs, b) integration challenges, and c) solution complexity
  • At the same time, these retailers also said that it didn’t matter to them whether their fraud prevention solution was on-demand (SaaS) or on-premise  

That made us do a double take. Why?

We thought that by now the inherent advantages of on-demand or SaaS solutions compared to on-premise or DIY solutions were known to everyone. Not just for fraud prevention, but for all types of IT functions. After all, the SaaS model has been demonstrated to be more efficient for eCommerce, websites, social media, HR, office productivity, payroll, and on and on and on.

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Topics: eCommerce, diy fraud prevention, saas fraud prevention

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