EVS Blog

I addition to the usual type of disaster-related frauds, a recent uptick in targeted phishing attacks (spear phishing an whaling) has been observed in the wild seeking to compromise business e-mail accounts. With a record number of employees working remotely due to the current crisis, the threat of compromised e-mail credentials is greater than ever.

One-time authentication codes through SMS (text messages) have been used for a while as a method of ongoing authentication, but have traditionally been of little use for verifying the identity of a new consumer...

With the mainstream coverage of breaches, hacks, and identity fraud over the past few years it should be no surprise to see massive amounts of VC funding being funneled to new technology solutions that promise the solution. The rush to market for these solutions may be contributing to the problem more than solving it, however.

A report issued last month reported a 45% increase in call center fraud between 2013 and 2015, along with an increase of losses from fraudulent call center transactions of 14%. This includes an increase in domestic fraud calls (calls originating from within the targeted country increased from 36% to 51%.

While the current switch to EMV in the US is certainly part of the reason for increasing CNP fraud, there are other factors that have also contributed to the spike. Key factors for the increase include the general growth of Ecommerce, the rising popularity of E-gift cards, and the increased use of in-store pickup.