According to findings by Digital Commerce 360, in 2020, U.S. e-Commerce penetration hit a record high, attaining 21.3% of retail sales. This was an increase of over 5% from the year prior. With the surge of e-Commerce use comes the greater threat of digital fraud. As the numbers of consumers…
According to an “Online Payment Fraud” study conducted by Juniper Research, by 2024, e-commerce merchants will lose close to $24 billion to online payments fraud. Fraudsters are also developing increasingly sophisticated fraud attacks. E-commerce merchants must prioritize and take more proactive steps to detect and also prevent e-commerce fraud. By…
According to an October 15 report from Juniper Research, it was estimated that the mobile banking ecosystem had well over 1 billion users around the world. It was estimated that by the year 2020, this number would double. In March 2016, a Federal Reserve Consumer and Mobile Financial Services report…
In June 2021 Apple unveiled new, powerful privacy protections in iOS 15, iPadOS 15, macOS Monterey, and watchOS 8. These protections grant users more control and the ability to manage access to their data. In its commitment to “privacy leadership”, it has expanded its features to include Privacy Nutrition Labels…
The first half of 2021 has demonstrated an overall decline in the number of breaches. However, “breach severity” and the number of breaches which disclose a substantial amount of data continues to be a “troublesome trend”. According to RiskBased Security’s 2021 Data Breach QuickView/ Mid Year Report, 353 “reported data…
Artificial intelligence is an important driver of a more dynamic world. As a subfield of computer science, AI pledges to improve efficiency and provide higher levels of both autonomy and automation. Last year, more businesses had already integrated AI in some capacity within their own processes. In fact, 37% of…