Why Credit Card Fraud Hasn't Stopped In The U.S.(card not present online)

[roadwarrior]

Cardnotpresent.com | Decoding Digital Payments & Fraud News Education

CardNotPresent presents the latest news, education and events decoding digital payments and fraud. Our content is geared to help merchants navigate the fraud and payments challenges they face daily. Subscribe to our CNP Report to get weekly news on everything in the CNP fraud and payments space.

www.cardnotpresent.com

•Jan 26, 2021

CNBC

In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of credit card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to help protect the U.S. economy, especially small businesses from card fraud.

 

[roadwarrior]

Bonobos clothing store suffers a data breach, hacker leaks 70GB database​

Last weekend, a threat actor known as ShinyHunters, who is notorious for hacking online services and selling stolen databases, posted the full Bonobos database to a free hacker forum.

The database also includes various data far more interesting to threat actors, such as customers' addresses, phone numbers, partial credit card numbers (last four digits), order information, password histories.

Clothing Brand Bonobos Notifies Users of Data Breach

U.S. President Joe Biden has instructed U.S. intelligence agencies to provide him with a detailed assessment of the SolarWinds hack, which fueled a global cyber espionage campaign.

www.securityweek.com

Bonobos clothing store suffers a data breach, hacker leaks 70GB database

Bonobos men's clothing store has suffered a massive data breach exposing millions of customers' personal information after a cloud backup was downloaded by a threat actor. The corporate systems were not breached by the attacker.

www.bleepingcomputer.com