Mastercard is looking to grab market share in the fast-growing world of eSports
- Business Insider reports Mastercard is hoping that by partnering with League of Legends — the massively popular online multiplayer video game — it can become the go-to payments brand for those consumers.
- Mastercard is also leaning on its existing payments tech to make in-game micropayments as seamless as possible by integrating click-to-pay. The in-game, one-click checkout methods means players wouldn’t have to pause and enter payment details to recharge their in-game wallets.
- One-click checkout requires near instantaneous approvals, which bad actors often target. See how the power of Kount’s data and access to the largest data network of trust and fraud-related signals can drive quick and accurate trust decisions and prevent fraud.
Actor John Krasinski's face used on fake ID for unemployment fraud
- The phony driver’s license was part of an attempt to illegally receive unemployment services. However, the face swap was quickly flagged, and the resident’s efforts were denied.
- Fraudsters often try tactics like these with online purchases, which is why it’s key that businesses verify a person’s digital identity using a global network of trust and fraud signals to make quick and accurate trust decisions.
A year of the pandemic added another Christmas for eCommerce sales
- A year of pandemic living drove U.S. consumers to spend an additional $183 billion online, according to a new study from Adobe.
- That’s roughly the amount they spent during eCommerce’s peak November-December holiday shopping season last year.
- Kount followed the changes in consumer spending habits throughout 2020. See what jumped in sales and what could be a permanent shift in consumer behavior.
6 ways to combat online fraudsters
- According to Equifax, the internet has made it convenient for consumers to access countless goods, but services and technology also made it easier for bad actors to commit fraud.
- But with the right fraud prevention solutions, it’s possible to curb some of those delinquent behaviors.
Biggest credit card scams to look out for in 2021
- Bad actors have always targeted the credit card industry. Unfortunately, the most common scams have changed as technology has evolved.
- According to a 2020 identity theft study from Javelin Research, scammers have mostly graduated from counterfeiting credit cards to more significant crimes like new account fraud and account takeover.
- Learn how Kount’s solutions can protect against new account fraud and account takeover.
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Discover the latest news and trends in cybersecurity and fraud prevention in the Kount 5 Trends, 5 Minutes: Cyber & Fraud podcast.
Swiss police raid after hack on U.S. security-camera company
- According to the Washington Post, Swiss authorities confirmed a police raid at the home of a Swiss software engineer who took credit for helping break into a U.S. security-camera company’s online networks. The activist hacker cited the attack was, in part, motivated by an effort to raise awareness about the dangers of mass surveillance.
- The “hacktivists” say they were able to view live camera feeds and peer into hospitals, schools, factories, jails, and corporate offices after gaining access to the systems of a California security-camera startup.
- Many unsuspecting items, including printers, refrigerators, or even outlets can be hacked. Listen to Kount’s Josh Johnston explain why protecting against hackers on these devices is imperative in cybersecurity.