Slideshow 6 Digital Fraud Predictions for Black Friday

Published
  • November 20 2015, 12:32pm EST
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As shopping gets more digital, so does fraud. The rise in technology at shoppers' fingertips provides many new channels for scammers to exploit.

Gift Card Grab

Digital gift cards are a hot item for consumers and fraudsters alike. Fraudsters use stolen credit card data to buy digital cards that can be used around the Web; this scam accounted for 9.5% of all attempted online fraud in the past year, according to ACI Worldwide.

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Smaller Scams

The average dollar value of fraudulent transactions dropped $9, to $273, this year because retailers are offering free shipping promotions and other discounts, according to ACI Worldwide. But this decline in transaction size is offset by a higher frequency of fraud.

Mobile Checkout

In mobile commerce, the priority is often on simplicity instead of security. As a result, mobile devices are "playing catch-up" to desktop e-commerce sites, according to Mike Gross, Experian’s director of risk strategy for fraud and identity.

The EMV Effect

It may still be too soon to see a sharp rise in e-commerce fraud in the U.S. as a result of EMV security spreading at the point of sale, but fraudsters will gradually start devoting more attention to digital channels.

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Buy Button Confusion

The addition of "buy buttons" to social media is transforming it into a trusted channel for purchasing. But the concept is still new enough that merchants may not have the proper protections in place.

Phishing Goes Mobile

Consumers have near-constant access to emails and alerts delivered through their phones, giving phishers a new channel to use to trick shoppers into revealing their financial data.