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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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