Hackers leak 1M credit card numbers, an act of ‘unprecedented generosity’
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
2y ago
Podcast Episode In this, our last episode of the season, our top story discusses three ways businesses can use fraud data to improve their business strategies. Also this week, we discuss how enhancing the e-commerce experience starts with the customer, why reduced access to stores amid the pandemic boosts cross-border e-commerce, why cyberfraud is shifting to gaming, travel and leisure, and why hackers with so-called “unprecedented generosity” released a million credit cards for free. We’ll back in a few months with our next season, and more information than ever. #Kount5in5 Transcript ..read more
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Fraudsters increasingly targeting digital accounts
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
2y ago
Podcast Episode This week’s top story: We discuss how fraudsters are increasingly targeting digital accounts by compromising existing or creating fake new accounts – a surge of nearly 70% so far this year. Also this week, Idaho Governor Brad Little has set up a new task force to advance cybersecurity initiatives in the state, and has invited Kount’s Brad Wiskirchen to be one of the members. We also discuss how Citi Premier’s offer of 80,000 bonus loyalty points also creates opportunity for fraudsters, how businesses can protect their customers (and themselves) from online fraud, and how ba ..read more
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Fraud continues in the new normal of eCommerce and travel
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
2y ago
Podcast Episode This week’s top story: We discuss why as the world opens up and travel makes a roaring comeback, that fraudsters too are part of the new normal. Also this week, we discuss why Shopify has nearly tripled its value, how the pandemic has changed customer relationships perhaps forever, why Ghanians are increasingly embracing e-commerce and what this means for cross-border online selling, and how robots will impact warehouse design as well as safeguards against fraud. #Kount5in5 Transcript ..read more
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Cashless race picks up, and so do fraudsters
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
2y ago
Podcast Episode This week’s top story: Walmart tests cashierless retail amid an industry-wide labor shortage, opening the door for fraudsters. Also this week, we discuss why a UK man was arrested over Twitter celebrity hacks, what’s behind Biden’s meeting next month with the private sector on cyber issues, why the Russian hacker ‘bot master’ was sentenced to prison in the US, and how consumers will drive the next wave of payments technology. #Kount5in5 Transcript ..read more
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New Kount survey shows digital payment opportunities and chargeback risks, with Skylar Barsanti
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
2y ago
Podcast Episode This week’s top story: As global digital transactions soar, Skylar Barsanti, content strategist at Kount, takes a deep dive into the findings from a new survey we conducted — “Digital Payments in 2021: Opportunities and Chargeback Risks.” Also this week, we discuss how the pandemic has created an explosion of buy-now pay-later services as well as fraud opportunities, how fraudsters are exploiting the e-commerce boom with return scams, why Visa is using artificial intelligence to fight fraud, and news about Mastercard and Verizon’s new partnership for 5G contactless payments ..read more
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How online payments fraud is costing business owners billions
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
3y ago
Podcast Episode This week’s top story: We discuss how online payments fraud could cost business owners more than $200 billion over the next few years — and what you can do about it. Plus, we discuss how hackers demanded millions during a Fourth of July holiday spree, how a “dark-side coupon group” scammed stores out of millions with fake coupons, why smart POS terminals may be the future for digital payments, and why the FBI advised businesses to use AI to curb phishing and other fraud. #Kount5in5 Transcript ..read more
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As direct-to-consumer sales grow in popularity, how to earn customer loyalty and revenue
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
3y ago
Podcast Episode This week’s top story: We discuss why Google’s Android mobile app could have allowed hackers to initiate customer account takeovers, and what your business can do to prevent such attacks. Also this week we discuss why Giant Food’s quick-to-market local produce boxes create opportunities for online fraudsters, how hackers are selling data stolen from Audi and Volkswagen, what $11 billion in total e-commerce sales on Amazon Prime Day teaches us about fraud prevention, and what we should be concerned about when Facebook begins testing ads in Oculus virtual reality. #Kount5in5 ..read more
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Google’s vulnerable mobile app underscores the need to prevent account takeovers
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
3y ago
Podcast Episode This week’s top story: We discuss why Google’s Android mobile app could have allowed hackers to initiate customer account takeovers, and what your business can do to prevent such attacks. Also this week we discuss why Giant Food’s quick-to-market local produce boxes create opportunities for online fraudsters, how hackers are selling data stolen from Audi and Volkswagen, what $11 billion in total e-commerce sales on Amazon Prime Day teaches us about fraud prevention, and what we should be concerned about when Facebook begins testing ads in Oculus virtual reality. #Kount5in5 ..read more
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Five safeguards to protect your business from eGift card fraudsters
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
3y ago
Podcast Episode This week’s top story: We discuss why consumers and fraudsters love digital eGift cards, and the five safeguards you can take to protect your business from these bad actors. Also this week we discuss why with credit card fraud facing extinction ID theft is looking to fill the void, how Nuro’s robot cars are delivering packages and possibly fraud opportunities for FedEx, why there is a growing concern over digital payments fraud in India, and how a Facebook data leak could lead to fraud for brands and merchants. #Kount5in5 Transcript ..read more
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SPECIAL EDITION – The convergence of digital and physical identity with Jordan McKee
5 Trends, 5 Minutes: Cyber & Fraud
by Eric McConnaughay, Kount
3y ago
Podcast Episode In this Special Edition of the Kount 5 in 5 Podcast, we examine the convergence of digital and physical identity with Jordan McKee, principal research analyst for customer experience and commerce at 451 Research. We discuss how this convergence not only enhances a business’ ability to identify and stop fraud during a customer transaction, it also creates the opportunity to improve the overall customer experience and thereby increasing the lifetime value of that customer while decreasing acquisition costs. And that’s good news for the bottom line. Find out how! #Kount5in5 ..read more
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