Black Friday sees lower online retail card fraud figures

Mobile security payments online retail card

E-commerce and mobile security held strong to protect online retailers and consumers this year. Both consumers and retailers were breathing more easily on Black Friday as online retail card fraud instances decreased this year over previous years. This represents the first time in several years that there was a drop, not an increase in e- and m-commerce card fraud. The fraudulent online retail card figures didn’t just fall slightly. Instead, it plummeted to 42 percent over the holiday weekend and most important shopping weekend of the year (November 24 through…

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Mobile commerce popularity pushes fraudulent payment transactions to record highs

mobile commerce popularity

New data released in Europe shows card fraud was way up in 2016, as the U.K. suffers the most. A newly released report is pointing to mobile commerce popularity to help explain why card fraud transactions are skyrocketing in Europe. The United Kingdom is facing the largest losses among all the countries in the European Union, having recorded a £618 million (€713 million) loss last year. The European Union’s total losses were an estimated €1.8 billion in 2016, including the U.K.’s figure. The report on these figures blames mobile commerce…

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