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Blog Against Fraud

Merchants: “Mobile Fraud Is Growing. Meh.”

Posted on Monday, August 14, 2017

Experts predict that mobile commerce will double in the next couple of years, reaching $250 billion by 2020. And as mobile commerce grows, so does fraud in the mobile channel.

In fact, in the Mobile Payments & Fraud: 2017 Report, nearly 40% of merchants reported that mobile channel fraud increased between 2016 and 2017. That’s a 59% increase over the previous year, when only 23% of merchants said mobile fraud increased.

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Topics: mobile fraud, online merchants

Hardware/Home Improvement Shrugs At mCommerce Fraud (And Why That’s Wrong)

Posted on Wednesday, August 2, 2017

How big is mobile commerce? Here’s an eye-opening statistic:

Worldwide, mobile overtook desktop when it comes to both traffic and money contribution to eCommerce in 2016.

And while it’s true that mobile commerce comprises a much larger percentage of online activity in countries outside the USA, Cisco projects nearly one billion mobile-connected devices by 2020 in the US alone.

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Topics: mobile fraud, home improvement, mCommerce fraud

Is Mobile Fraud Growth Outpacing Mobile Revenue?

Posted on Monday, July 10, 2017

Is fraud getting worse in your mobile channel? Perhaps the only answer worse than “Yes” to that question is “I don’t know.” Why? 

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Topics: mobile fraud, mobile revenue

Mobile: The Root of All Evil or Source of All Goodness?

Posted on Thursday, May 26, 2016

Reading the headlines today, you could get whiplash from the contrasting way in which the mobile revolution is being portrayed. For the "Root of All Evil" angle, consider these stories:

  • A woman used her debit card to pay for a slot machine game app on her mobile phone and hours later discovered hundreds of illegitimate purchases totaling more than $5,000
  • T-Mobile’s CEO revealed a breach affecting 15 million mobile users: "Records include information such as name, address and birthdate as well as encrypted fields with Social Security number and ID number (such as driver’s license or passport number) and […] this encryption may have been compromised."
  • CBS News reported that a little-known global network called Signaling System Seven (SS7) is used by every mobile phone and has a security flaw that is an open secret among the world's intelligence agencies...and hackers. This security flaw can be used to intercept and record anyone’s calls, texts, or movements.
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Topics: mobile fraud, mobile payments, mobile

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

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