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Friday, April 21, 2017

Experian study finds increased ecommerce fraud

A new study by Experian Information Solutions Inc. found a 33 percent increase in ecommerce fraud in 2016, compared with the previous year. The findings were consistent with Experian's forecasts and not surprising to security analysts.

Analyzing millions of ecommerce transactions, researchers concluded certain geographical regions were hot spots for cybercriminals. Miami, Houston, and South El Monte, Calif., earned the dubious distinction of being top-ranked cities for fraud. The states with the highest concentration of billing and shipping fraud were Delaware, Oregon and Florida, company representatives stated. They also attributed a record number of data breaches in 2016 to vulnerabilities in security infrastructures.

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