The last several years have been busy for merchants conducting business across Europe. Between the General Data Protection Regulations (GDPR) that went into effect in May 2018, and the newly revised Payment Services Directives (PSD2), European payment and data security regulations have been driving the conversation around e-commerce and the digital payment industries.  The latest news out of the UK is an update to the implementation of one of the most important pieces of legislation affecting the financial and retail sectors - the UK’s Financial Conduct Authority (FCA) has confirme ..read more

Last week, leading companies from the fashion, retail, and technology sectors gathered together in Brooklyn, New York at The Lead Innovation Summit. The event aimed to bring together the industry's top retailers, thinkers, and changemakers. This year’s summit was an exciting one, focusing on digital native brands and how they’re transforming the shopping experience in 2019. The event featured sessions entitled “Human Meets Machine to Create the New Customer Experience,” “AI & Commerce Tech,” and “Fashion Loves Algorithms,” among others around the future of retail in our digitall ..read more

More than 2,000 e-commerce scams occurred last year alone, costing victims $2 million. So how can customers and retailers alike, stay safe when shopping and doing business online? Forter's very own GM of Asia Pacific, Ata Gokyildirim met with @ChannelNewsAsia reporters in Singapore to discuss how e-commerce fraud in the region is rising, and what consumers and retailers can do to help combat fraud ..read more

Aside from a few bumps in the road, the international e-commerce market has been on the rise over the last several years. But a closer look into recent retail sector data reveals that a downturn, or worse, a recession, may be on the horizon. Or it may already be here ..read more

Many online merchants are discovering that fraud at the point of transaction is no longer the sole vulnerability in their ecosystem. Policy abuse is a growing phenomenon — Forter’s Sixth Annual Fraud Attack Index reported a 170% increase in these types of abuses since the end of 2017 ..read more

According to the 451 Group, over the next three years e-commerce will grow at more than six times the rate of in-store sales to reach $5.8 trillion by 2022. With merchants and retailers focusing the bulk of their business and marketing efforts on their digital stores and strategy, online payment fraud and account abuse are similarly experiencing an uptick in activity. In fact, according to Forter, fraud attacks against online apparel and accessories merchants grew by 47% from Q4 of 2017 to Q4 of 2018 ..read more

As a merchant, keeping personal user details safe is imperative. One data breach could mean lost customer trust, and information available for fraudsters to hack into countless user accounts in the future. But more than half of Americans (56%) admit to inputting critical personal information into a website they didn’t fully trust. A Forter survey of 2,000 Americans aiming to uncover just how easily people trust websites with their personal details found that the average American has their credit card information stored on five different websites ..read more

At Forter, we have an ambitious mission to create a world of fraud-free e-commerce. Today marks a significant milestone on that path: we have processed over $100 billion in e-commerce transactions, which no other online fraud prevention platform has achieved. Processing such a massive volume of data means that we have grown extremely quickly in recent years—increasing the dollar amount of processed transactions by 100 times since 2016, and doubling the amount since January 2019—but perhaps more importantly, it means that we have unparalleled visibility into the latest trends in bo ..read more

Willie Sutton, the notorious twentieth-century bank robber, was famously quoted as saying that he robbed banks “because that’s where the money is.” In an age when digital banking and cryptocurrencies are fast replacing brick-and-mortar banks, however, Sutton’s quote seems oddly quaint. Current-day bank robbers are far more likely to be found pointing and clicking a mouse than pointing a gun ..read more

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