Month: December 2016

The Yahoo Data Breach and Its Dire Consequences

For internet giant Yahoo, the year 2016 cannot be over soon enough. The legendary internet services portal and search engine has been losing significant market share over the years, but two major security issues in 2016 may have compromised its future. Yahoo has been involved in talks with American telecommunications giant Verizon about a possible …

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MasterCard Using Artificial Intelligence to Attack False Declines

One of the biggest problems for merchants accepting credit cards is not fraudulent transactions, but rather false declines. Certainly, credit card fraud is costly, but it’s estimated that merchants lose $118 billion due to credit card declines where the transaction is genuine and the customer is not over their limit. It’s estimated that 15% of …

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Fraudsters Don’t Take a Vacation During the Holidays

Fraudsters know that some of the greatest opportunities to commit theft occur during the hustle and bustle of the holiday season. Consumers do not only have to worry about double-swiped credit cards at checkout and phone or email scams. Criminals study consumer buying habits and use those habits against them during the holidays. Here are …

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