Increased EMV adoption is putting a dent in credit card fraud protection efforts, but cybercriminals continue to exploit security gaps in financial and retail organizations to steal card details.
Thanks largely to recent news headlines, consumers are becoming more aware of security concerns, meaning that retailers must improve their data security practices to earn customer trust.
Omnichannel fraud has evolved to exploit the myriad technologies retailers have developed to enable consumers to purchase goods anytime, anywhere.
During the busy holiday shopping season, retailers must make decisions about e-commerce fraud rapidly to keep pace with demanding delivery schedules.
Cybersecurity vigilance is crucial during the holiday shopping season, but it's equally important to carry that security awareness into the new year.
For retailers who are primarily concerned with minimizing chargebacks, the total cost of e-commerce fraud is worse than they realize.
Physical theft accounted for two-thirds of inventory shrinkage in 2016, suggesting that retailers need to improve their loss prevention strategies.
Omnichannel retailing is making shopping easier for consumers, but also presenting complexities to retailers.
Consumers and retailers should implement these basic cybersecurity tips year-round to stay secure during the busy holiday shopping season.
Companies looking to minimize retail disruption during this holiday season should keep close tabs on emerging trends such as ransomware, the IoT and more.