ThreatMetrix says that online security must be prioritized over the holiday season to match an increase in fraudulent activity.
Reports through-out the year have indicated that although some improvement in offline fraud has been achieved, the figures in the online space are not moving in the right direction. And nothing seems to be changing, according to ThreatMetrix’s observations over the last six months which report doubled attempts of account takeover and payment fraud, making e-merchants prime targets for crime with a predicted risk increase in the upcoming holiday rush.
According to ThreatMetrix, there are preventative measures to be taken and all e-commerce merchants should be taking them. Its recommendations include:
*Apply new, added verification tools to those that are already in place, such as Verified by Visa, in order to buffer the screening of individual transactions which is often difficult to do during high season when payment activity is greater than usual. Remember that you want to avoid the inconveniencing of innocent customers.
*Be aware of certain account takeover indicators such as users entering their accounts from different devices or editing their accounts.
*Create a list of customers with positive scores (from past transactions) in order to avoid IP address risks but without disturbing the transactions of existing customers who may be making purchases from different locations.
*Use collective data from global intelligence networks to make sure that, already flagged fraudsters are on your radar and that once again, legitimate consumers are not identified unnecessarily
According to Dr. Stephen Topliss, at ThreatMetrix. “A collective approach to Cybersecurity enables e-commerce merchants and customers to have an all-around jolly holiday shopping experience.”
ThreatMetrix says that online security must be prioritized over the holiday season to match an increase in fraudulent activity.
Reports through-out the year have indicated that although some improvement in offline fraud has been achieved, the figures in the online space are not moving in the right direction. And nothing seems to be changing, according to ThreatMetrix’s observations over the last six months which report doubled attempts of account takeover and payment fraud, making e-merchants prime targets for crime with a predicted risk increase in the upcoming holiday rush.
According to ThreatMetrix, there are preventative measures to be taken and all e-commerce merchants should be taking them. Its recommendations include:
*Apply new, added verification tools to those that are already in place, such as Verified by Visa, in order to buffer the screening of individual transactions which is often difficult to do during high season when payment activity is greater than usual. Remember that you want to avoid the inconveniencing of innocent customers.
*Be aware of certain account takeover indicators such as users entering their accounts from different devices or editing their accounts.
*Create a list of customers with positive scores (from past transactions) in order to avoid IP address risks but without disturbing the transactions of existing customers who may be making purchases from different locations.
*Use collective data from global intelligence networks to make sure that, already flagged fraudsters are on your radar and that once again, legitimate consumers are not identified unnecessarily
According to Dr. Stephen Topliss, at ThreatMetrix. “A collective approach to Cybersecurity enables e-commerce merchants and customers to have an all-around jolly holiday shopping experience.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!