Security News Desk: The hidden risk to the merchant world
Posted by Global Risk Technologies™
5 steps to overcome the hidden risk to the merchant world Written by Monica Eaton-Cardone, CIO and Co-Founder of Global Risk Technologies™. Successful merchants know where their money comes from and where it goes. They know the opportunities for the business and they know the risks. But how many merchants recognise that one…
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Retail Fraud: The shocking truth about ‘friendly’ fraud
Posted by Global Risk Technologies™
Successful merchants know where their money comes from and where it goes. They know the opportunities for the business and they know the risks. But how many merchants recognise that one of the biggest threats to their bottom line comes from an unlikely source? The actions of the ‘ordinary’ consumer are causing bigger…
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EMV and the Changing Face of Fraud
Posted by Global Risk Technologies™
EMV technology, perhaps better known as ‘Chip and PIN card technology’, is seen as a major weapon in the fight against fraud. Authenticating your debit or credit card transactions through a computer chip rather than a magnetic stripe or signature has resulted in a huge reductions in fraud losses from stolen or counterfeit…
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UK businesses under continuing threat of Card-Not-Present fraud
Posted by Global Risk Technologies™
Card-Not-Present (CNP) fraud is continuing to pose a real threat in UK, as British businesses were hit by card fraud every 20 seconds in March, according to Finextra. Small businesses are those most affected and although other forms of card fraud are reportedly declining, CNP fraud, of which chargeback fraud represents a significant…
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The Paypers: As ecommerce grows, so does friendly fraud
Posted by Global Risk Technologies™
With ecommerce growing at close to 20% per year in the EU, friendly fraud is growing as well, a recent report unveils. According to a research conducted by Global Risk Technologies™, friendly fraud has been growing 41%, costing over EUR 10 billion in industry losses, compared to around EUR 2 billion lost through…
Read MoreGlobal Banking and Finance Review: Majority of chargebacks are fraudulently placed, reports new Global Risk Technologies™ white paper
Posted by Global Risk Technologies™
Europe’s first chargeback remediation specialist releases educational white paper to help merchants equip themselves to tackle the rising problem of friendly fraud Global Risk Technologies™, a leading technology company specialising in chargeback compliance released a new white paper examining the threat of friendly fraud in Card-Not-Present (CNP) transactions and examines why this problem continues…
Read MoreCard-Not-Present fraud continues to rise
Posted by Global Risk Technologies™
Card-Not-Present (CNP) fraud in the United Kingdom is on the rise, according to a report by industry group Financial Fraud Action. After an initial surge following the introduction of EMV to the UK in 2008 (a trend played out in many countries and likely to hit the United States in October 2015), CNP…
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Retail Times: Majority of chargebacks are fraudulently placed, reports new Global Risk Technologies™ white paper
Posted by Global Risk Technologies™
Retail Times: Majority of chargebacks are fraudulently placed Retail Times, one of the leading independent retail publications in the UK, reports on a new white paper from Global Risk Technologies™, Europe’s first chargeback remediation specialist. With e-commerce growing at close to 20% per year in the EU and total e-commerce revenues predicted to be…
Read MoreMajority of chargebacks are fraudulently placed, reports new Global Risk Technologies™ white paper
Posted by Global Risk Technologies™
Europe’s first chargeback remediation specialist releases educational white paper to help merchants equip themselves to tackle the rising problem of friendly fraud Dublin, Ireland. 2nd April 2015 – Global Risk Technologies™, a leading technology company specialising in chargeback compliance, today releases a new white paper examining the threat of friendly fraud in Card-Not-Present…
Read MoreOnline payment environment suffering from continuous threat from hackers
Posted by Global Risk Technologies™
The wider problems apparent in the online payment environment have been highlighted following recent comments reportedly made by Sony customers after the entertainment technology giant suffered a data breach caused by cyber hackers. Customers are allegedly complaining that after being offered inadequate refunds, they are unable to seek a chargeback from their bank…
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