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Holiday fraud drops 29%; prevention strategies; suppliers penalized for late delivery
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Today’s newsletter highlights a surprising 29% decrease in holiday shopping credit card fraud according to a report from Iovation.
We’ve also got fraud prevention strategies from Kount COO Rich Stupy in the company’s new “2 Minutes on Fraud” video series.
Finally we feature a report from FreightWaves.com on retailers penalizing suppliers for late deliveries and blockchain technology’s potential solutions to supply chain problems.
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Holiday credit card fraud dropped 29% this year
A new report from security firm Iovation shows 2017 holiday credit card fraud dropped 29% during the key Nov 24-27 shopping days. Data also showed 62% of transactions were made via mobile devices and tablets compared to 55% last year. Read more…
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Fraud doesn’t wait: Kount on fraud prevention
When it comes to fraud, you need to be able to fight back instantly according to Rich Stupy, Chief Operations Officer with security firm Kount. “To stop a fraud attack, you have to be on the attack in milliseconds, literally in a fraction of the blink of an eye. It can’t be the sort of thing where you wait seconds. Seconds are hours at the speed of the internet.” Read more…
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Logistics? There’s a blockchain for that
With a shortage of delivery capacity in the US, more retailers are charging fees to suppliers for late delivery of products. Kroeger is the latest to penalize suppliers with a $500 fee for deliveries arriving more than two days late. Earlier in the year,the Walmart had implemented a similar policy. Read more…
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