FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. While Europe enjoyed a sizable £54M drop in fraud loss for 2020, this was primarily driven by two countries, accounting for a reduction of £78 million between them.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52

PYMNTS

DECEMBER 16, 2020

The industry as a whole lost $165 billion in revenue between March and July, and it is on track to lose $240 billion by 2021 — with the decline expected to continue until the pandemic abates. Deep Dive: How The Trends Of 2020 Can Inform The Coming Decade’s Fraud-Fighting Goals.

Bots 124

Bots Federal Trade Commission Monetary Loss AI 124

FICO

SEPTEMBER 16, 2020

While 2020 has posed new challenges in fraud, our new European Card Fraud Map shows that many countries were battling card fraud successfully last year — with the UK leading the pack. What does this mean for the new challenges of 2020 and beyond? See the interactive map at www.fico.com/europeanfraud. Card Fraud Across Europe.

Compromise 52

Compromise Monetary Loss Deposit Account Volume 52

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

JULY 8, 2020

This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. The report suggested that Nordstrom would pay “up to a full reconciliation should 2020 sales reach 90 percent of sales made in that location in 2019.” percent of Q2 2020 rent as of the end of June.

Monetary Loss 60

Monetary Loss Authentication Reconciliation Breach 60