
The year 2020 is gearing up to be a banner year for eCommerce fraudsters. As technology continues to both advance and evolve, fraudsters are coming up with more innovative ways to steal from honest merchants. In the “eCommerce Fraud Trends 2020” report published by the Merchant Fraud Journal, they dive into some of the perpetrators’ latest schemes. Some of their newest tactics include synthetic identity fraud and SIM card swaps. Other modes of attack involve “wannabe hackers” going into the dark web to buy personal information, credit card numbers stolen via algorithms and then directly sold “anonymously” on the dark […]
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