Holiday Weekend Online Retail Credit Card Fraud Jumps 20% Over Same Time Last Year
Card-not-present fraud�fraudulent transactions where a credit card is not physically presented to a merchant�increased significantly from Black Friday to Cyber Monday 2016 when compared to the same period in past years, according to new information released by iovation, a provider of device intelligence for authentication and fraud prevention. Research by iovation revealed a 20 percent increase in online retail credit card fraud during the 2016 holiday shopping weekend when compared to the same period in 2015, and a 34 percent increase in online credit card fraud from Black Friday to Cyber Monday 2014 to 2016. In addition, iovation found: ? The percent of all online retail fraudulent transactions from Black Friday to Cyber Monday that involved credit card fraud: ? 2016: 59 percent ? 2015: 49 percent ? 2014: 44 percent ? The percent of all online retail fraudulent transactions in 2014, 2015 and 2016 that involved credit card fraud: ? 2016: 59 percent ? 2015: 42 percent ? 2014...