Kount Blog | fraud
Blog Against Fraud

This is Not The Wall – Merchants Can’t Take a Chance on Fraud

Posted on Wednesday, March 1, 2017

Wild, unpredictable and fast moving – sounds like the makings for good TV, right? It’s also generally the way fraud happens. It’s unpredictable and non-linear… much like the new game show, The Wall. If you’ve not caught this new updated version of everyone’s old-school favorite, Plinko, this popular game show is actually a lot like
fraud. Merchants are vulnerable to fraud, but unlike the game show, merchants can’t afford to play this game without severe losses. And, there is no contract to sign that guarantees you winnings – the stakes are much higher than that. According to the U.S. Justice Department, credit fraud now costs businesses $5.5 billion a year, with the bulk of that coming from online transactions.

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Topics: mobile device, fraud, the wall

Here’s to 2016, Going on 2017

Posted on Wednesday, January 4, 2017

Post-truth. Xenophobia. Surreal. Bigly. Those are just a few of the words that have summed up 2016. Regardless of your favorite word to describe 2016, it has been quite a year filled with a number of major events that will influence years to come. And just when you think 2016 was done with surprises, it drops another.

While we had so many to choose from, we highlighted the top five events that shook the year so hard, the reverberations are set to impact the financial tech industry throughout 2017:

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Topics: data protection, fraud, 2017

Fraud in the Headlines

Posted on Tuesday, December 13, 2016

It seems that nary a week goes by without headlines illuminating a major breach at a retailer, government agency, or other organization. From credit card theft to unlawful access to personal information, fraud is all around us.

While Kount’s focus is providing crucial technology for online merchants, payment processors, and other card-not-present businesses to decrease fraud, we are well aware that fraud extends far beyond payments. Across the world, people and organizations are targets of fraud every day. Let’s take a look some of the recent news around fraud, and what they have in common.

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Topics: payments, fraud

2 Minutes on Fraud: Episode 4 - "Set It & Forget It Does Not Exist”

Posted on Thursday, November 10, 2016

Fraud tools are now widely available to help fraudsters exploit your company. No longer in the shadows, online fraud tools are easily distributed and constantly evolving. Using a “set it and forget it” strategy for fighting fraud will simply not work. Rich Stuppy, COO, Kount, explains fraud trends and how creating a robust fraud strategy will benefit your company and prevent you from being a target.

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Topics: fraud, 2 minutes on fraud

Why 100% Chargeback Guarantees Can Actually Cost You Money

Posted on Friday, October 28, 2016

Like most things that sound too good to be true, 100% Chargeback Guarantees are not quite what they‘re cracked up to be.

They don’t actually prevent 100% of chargebacks and fraud. Rather, they act as a type of insurance policy that reimburses you when you do get hit with chargebacks and fraud.

The chargebacks and fraudulent transactions still occur. The only difference is that you pay per-transaction “insurance premiums” (in effect) to offset those losses. And just like any insurance policy, your situation determines whether or not these make good financial sense.

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Topics: chargebacks, fraud, chargeback guarantee

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