5 Trends, 5 Minutes: Cyber & Fraud Kount

In this, our last episode of the season, our top story discusses three ways businesses can use fraud data to improve their business strategies. Also this week, we discuss how enhancing the e-commerce experience starts with the customer, why reduced access to stores amid the pandemic boosts cross-border e-commerce, why cyberfraud is shifting to gaming, travel and leisure, and why hackers with so-called “unprecedented generosity” released a million credit cards for free. We’ll back in a few months with our next season, and more information than ever. #Kount5in5

This week’s top story: We discuss how fraudsters are increasingly targeting digital accounts by compromising existing or creating fake new accounts – a surge of nearly 70% so far this year. Also this week, Idaho Governor Brad Little has set up a new task force to advance cybersecurity initiatives in the state, and has invited Kount’s Brad Wiskirchen to be one of the members. We also discuss how Citi Premier’s offer of 80,000 bonus loyalty points also creates opportunity for fraudsters, how businesses can protect their customers (and themselves) from online fraud, and how bad bots are creating click fraud, and the risks this poses to e-commerce businesses. #Kount5in5

This week’s top story: We discuss why as the world opens up and travel makes a roaring comeback, that fraudsters too are part of the new normal. Also this week, we discuss why Shopify has nearly tripled its value, how the pandemic has changed customer relationships perhaps forever, why Ghanians are increasingly embracing e-commerce and what this means for cross-border online selling, and how robots will impact warehouse design as well as safeguards against fraud. #Kount5in5

This week’s top story: Walmart tests cashierless retail amid an industry-wide labor shortage, opening the door for fraudsters. Also this week, we discuss why a UK man was arrested over Twitter celebrity hacks, what’s behind Biden’s meeting next month with the private sector on cyber issues, why the Russian hacker ‘bot master’ was sentenced to prison in the US, and how consumers will drive the next wave of payments technology. #Kount5in5

This week’s top story: As global digital transactions soar, Kount’s Content Strategist Skylar Barsanti takes a deep dive into the findings from a new survey -- "Digital Payments in 2021: Opportunities and Chargeback Risks." Also this week, we discuss how the pandemic has created an explosion of buy-now pay-later services as well as fraud opportunities, how fraudsters are exploiting the e-commerce boom with return scams, why Visa is using artificial intelligence to fight fraud, and more. #Kount5in5

This week’s top story: We discuss how online payment fraud could cost business owners more than $200 billion over the next few years, and what you can do about it. Also this week, we discuss how hackers demanded millions during a Fourth of July holiday spree, how a ‘dark-side coupon group’ scammed stores out of millions with fake coupons, why smart POS terminals may be the future for digital payments and why the FBI advised businesses to use AI to curb phishing and other fraud. #Kount5in5