Fraud Trends
When financial markets swing, fraudsters act. Amidst the head-spinning changes, it can be hard for providers of alternative payment and money services – from crypto to gold – to keep track of the vulnerabilities such rapid change exposes them to.
New releases and special editions are huge events in the sneakerverse. Unfortunately, new releases can also be big paydays for the fraudsters who profit from the sneaker resale market.
Riskified’s first-party data reveals 26% year-over-year growth in online travel bookings during major sales event. Travel Tuesday is the day after Black Friday and Cyber Monday (BFCM) weekend, when travel merchants worldwide offer special discounts. Coincidentally, it follows what is often the busiest travel day in the United States. Now in its eighth official iteration, … Continued
For seasoned retailers, it might feel that the all-important holiday shopping season comes around sooner every year. As merchants worldwide gear up for the surge in sales that Black Friday and the holiday season brings, the urgency to maximize sales needs to be coupled with an urgency to mitigate losses. Sadly, booming sales also signal … Continued
The travel and hospitality industries swelled post-pandemic, driven by “revenge travel,” Taylor Swift concerts, or both. But with the surge of demand for travel came an inevitable surge in fraud, with bad actors targeting everything from loyalty accounts to illicit booking offerings and more. We chatted with Paul van Alfen, Managing Director of Up in … Continued
The outsize challenges and costs of policy abuse created by a relatively small number of individuals are causing some merchants to retreat from the generous policies they’ve put in place. In doing so, they’re relinquishing the relationships and brand equity they’ve worked so hard to build with good customers. But is retreat the only answer? … Continued
In recent years, the global electronics market has grown exponentially based on technological advancements, shifting consumer preferences, and a growing desire for cost-effective, easy-to-use and high-performing products. This expansion has led to a rise in the distribution of fraudulent electronic goods, posing significant risks to ecommerce merchants. According to an analysis of Riskified data, 2023 … Continued
To understand fraud, it helps to understand how fraudsters think. And some of the most revealing conversations about fraudulent activity take place on the dark web, a hidden portion of the internet known for black-market trading. There, fraudsters express their views and freely exchange information about all kinds of ecommerce fraud. The dark web houses … Continued
The holiday shopping season is a make-or-break period for retail revenue and profitability, representing around 19% of total retail sales over the last five years. And for ecommerce merchants, Deloitte predicts holiday sales of between $278B and $284B for the 2023 season. To make the most of the opportunity and capture the largest possible share … Continued
