The New York Times - As a share of fraud not involving a physical payment card, such schemes more than doubled from 2017 to 2018, according to the Javelin Strategy & Research firm.
In The News
Fighting Back Against Tech-Savvy Fraudsters
May 9, 2019
Dark Reading - According to Javelin Strategy & Research's "2019 Identity Fraud Study," in 2018, 17% of account takeover victims had their mobile phone account compromised, compared with 10% in 2017.
Digital Commerce 360 - “The digital experience is starting to move downstream in B2B. Offering online financing to B2B buyers is another step forward in the trend of bringing more ecommerce features to B2B websites and portals".
Bloomberg Businessweek - “Every week it’s like there’s a new subscription we’ve signed up for and the bank account is drained by the end of it,” said Mark Schwanhausser, director of digital banking at research firm Javelin Strategy. The...
American Banker - “Few data sets create as much assurance during a transaction as location data culled from cellphones,”
'Friendly fraud' is on the rise. Are banks complicit?
March 19, 2019
American Banker - According to a study from Javelin Strategy & Research, friendly fraud doubled in 2018, from 7% to 15% of all fraud victims. All told, 14.4 million Americans were fraud victims in 2018.
Digital Transactions - “Small to medium-size issuers and merchants are weary of the large consolidations because they feel like they get lost in the fray,” Krista Tedder, director of payments at Pleasanton, Calif.-based Javelin Strategy...
Credit Card Fraud Is Down, But Account Fraud Which Directly Hurts Consumers, Remains High
March 18, 2019
Forbes - “While the decrease in card fraud rates is undoubtedly good news for victims, fraudsters have turned their attention to opening and taking over accounts,” said Al Pascual, senior vice president, research director and head of...
Bankrate - Mark Schwanhausser, director of digital banking at Javelin, says customers straying from bank relationships is a complicated endeavor. “One thing that we know about consumers is that it takes a ton of TNT to blast Americans out...
When your vendor's vendor has sloppy security
February 13, 2019
National Mortgage News - Vendors and their subcontractors are often the weakest links in how #banks process their customers' information. The problem is complex. It boils down to, as an organization, who do we trust and do we trust...
