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 payments reach new heights during the holidays, but danger of fraud still lingers

UK mobile commerce - Woman with shopping bags on mobile

New report sheds light on performance of mobile commerce while also highlighting security issues Online fraud and abuse protection provider Iovation has released a new report concerning the performance of mobile commerce over the past holiday shopping weekend. The report notes that consumers made use of their mobile devices when shopping on Black Friday and Cyber Monday, taking advantage of retail opportunities offered specifically to mobile consumers. Iovation found that, in some cases, people fell prey to fraud, particularly identity theft and complete takeovers of their mobile shopping accounts. Some…

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