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ONLINE FRAUD RATE UP SIXTY PERCENT IN EUROPE
Monday April 30,2012 : ONLINE FRAUD RATE UP SIXTY PERCENT IN EUROPE
Anti-fraud firm says the risk in Europe is mounting
Online fraud detection company Iovation reports that in Q1-2012 the rate of fraudulent online transactions it stopped in Europe is 60 percent greater today than a year ago.
The rates compared look at transactions for the first quarter of 2011 compared to the first quarter of 2012.
The top three European countries for online fraud this past year included Romania, Lithuania and Croatia, the company reveals. While fraudulent activity was stopped by its Reputation Manager 360 software in many industries within these countries, the top types of fraud were:
* Main Romanian fraud was online dating scams and solicitations;
* Lithuania led with online gambling fraud, with dating scams coming in a close second and;
* Croatia had the highest number of eCommerce fraudulent transactions, relating to the use of stolen credit cards to purchase online retail goods and services.
To help deal with its increased use in Europe, Iovation has launched a new European data centre, now actively serving content to clients across Europe, streamlining data collection and improving fraud prevention.
Despite the growing incidence of online fraud, consumer online spending in the U.K. continues to rise, according to Interactive Media in Retail Group, a British trade association for the e-retail community.
IMRG reports that shoppers spend was in the billions and up 14 percent year-on-year in March 2012. The use of mobile devices to shop rose an impressive 254 percent year-on-year, although conversion rates remain low. In March 2012, conversion rates on mobile doubled from the year-ago month, from 0.7 percent to 1.4 percent, respectively.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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