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.

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.

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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.
March 22, 2021
Weekly news digest
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