Kount Blog | fraud prevention
Blog Against Fraud

An Already Complex Payments Space Gets More Curious

Posted on Friday, May 26, 2017

Payments revenue is projected to hit $2.3 trillion worldwide within 2 years. And as revenue grows, so does complexity. What should you look for (and look out for)?

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Topics: fraud prevention, payments, payment apps

CFO Challenge: Balancing the 3 Areas Impacted By Fighting Fraud

Posted on Thursday, May 25, 2017

In the early 2000’s, an eCommerce strategist for a large supermarket chain was making an appeal to the CFO. He was seeking a substantial investment to build out an early version of an online grocery shopping system. The CFO asked for a breakdown on the expected ROI.

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Topics: fraud prevention, direct loss, cfo

A Closer Look: Dark Web Dealings

Posted on Friday, May 19, 2017

Data breaches are nothing new – but that doesn’t mean they’re any less damaging. In fact, they’ve only gotten worse. Since companies loathe to report them, taking a few months or even a few years to issue a statement on any cyber attack, it’s been difficult for consumers and businesses alike to protect themselves or even realize the full impact of their repercussions. They’ve also inspired fraudsters to push the boundaries further. We’re starting to discover the evolution of data breaches and how hackers have taken these authentic credentials to wreak even more havoc and fraud. Cyber criminals don’t just have one or two pieces of authentic information – they have entire profiles and are quickly profiting off them. 

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Topics: fraud prevention, data breaches, dark web

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

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

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