How Gender Affects Online Shopping Scams

Who shops online? Roughly 72 percent of women and 68 percent of men make regular purchases with computers and smartphones, according to industry data. Who gets duped more often in online shopping scams? Depends on your definition. New data suggest that women are more actively and specifically targeted by cyber crooks for online shopping fraud and, likely because of this, fall victim six times more often than men. But when men get scammed, they lose about three times more money, …

New Trends in Credit Card Fraud

Despite stability in the number of victims and losses last year, the ways that credit card fraud occurs have changed. With the switch to chip-enabled EMV cards in 2015, identity thieves are moving from cloning counterfeits of that existing plastic and, instead, are focusing on opening new fraudulent accounts with stolen Social Security numbers and other sensitive data. In its 2016 Identity Fraud Study, Javelin Strategy & Research reports that new-account fraud more than doubled in 2015 from the previous …

10 Tips for Even Safer Online Banking

About half of Americans now use computers or smartphones as their primary banking method. Online banking with PCs or Macs still reigns supreme as “most preferred” by one-third of customers, but mobile banking has increased fourfold since 2010. Either method is safer than mailed statements. But with their geo-location capabilities, secure banking apps and other advances in mobile software, smartphones may have the security edge over traditional computers. Here’s how to make mobile and old-school online banking even more secure. …

Study: Apps ‘Hijacking’ 12 Million Smartphones

Some 12 million smartphones have mobile apps that secretly run a barrage of hidden advertisements in the background — roughly 700 per hour — that gobble up to 2GB of data per day and shorten battery life in its host device. Advertisers lose even more: an estimated $1 billion this year in bogus commissions paid to fraudsters for simulated clicks of those ads in “what they believe to be real consumers viewing their ads,” says David Sendroff of Forensiq, an …

Is Someone Following You Around the Store as You Shop?

Well, they might be – if you are one of the 58 percent of adult Americans who own a smartphone. Each smartphone broadcasts a unique identifying code through signals emitted as the phone searches for available networks. Retailers can track these signals and follow the in-store movements of customers as they shop. Most consumers understand that online stores track shoppers as they navigate around their websites. Yet, few realize some brick-and-mortar retail stores and shopping malls are using smartphone mobile analytics …

What Personal Information Is Your Mobile Device Sharing?

“Always on and always on you” describes the extent to which consumers have integrated cellphones, smartphones and tablets into their daily lives. How deeply do consumers depend on these mobile devices? One survey found 44 percent of cell owners have slept with their phone next to their bed because they were afraid to miss any calls, text messages or other updates during the night. As mobile device use continues to increase, there is growing concern that consumers are unaware how …