When COVID-19 forced us away from public spaces, eCommerce became a lifeline. Many baby boomers, previously steadfast in their preference for the in-store experience, had to quickly adapt to safely procure groceries and other necessities. As social isolation lingered, boomers grew more comfortable with online shopping. Now, having acquired the skill, it is likely that […]
Fraud Prevention
Fraud Prevention
7 Things That Will Be Different This Holiday Season
Recent months saw the global COVID-19 pandemic completely change the way we live, work, interact, and buy. With the virus expected to be part of our lives for the unforeseeable future, we are looking at a completely different holiday season. For many, Zoom meetups will replace big family gatherings, and an uncertain economic climate will […]
Fraud Prevention
Backburner No More: The Impact of Fraud on Operational Costs
There is more pressure than ever on merchants to reduce operational costs to offset pandemic-related losses. With brick-and-mortar channels limited and global travel and tourism on hold, businesses that are exposed to hard-hit segments and channels, are facing new cash flow crunches. In this blog post, I’ll discuss why embracing new technology can help merchants […]
Fraud Prevention
The Dark Side of Delicious: Decoding Food Delivery Fraud on the Dark Web
In more ways than one, scamming a food delivery service is gateway fraud. Remember when ordering pizzas to the address of an unsuspecting victim was a staple of youthful mischief? Some of the popular food delivery fraud MOs our analysts encounter these days are not far removed from childhood pizza pranks. But what some forms […]
Fraud Prevention
The Full Cart: Living the Fraud Life! Our Analysts Tell All
How do you tell a fraudulent transaction from a legitimate one? Most times, only a thin line separates the two. And as fraudsters become more sophisticated, they can mimic good customers to a greater degree of success. To better understand online fraud, Riskified’s analysts review countless eCommerce transactions a day. Their expertise helps them detect […]
Fraud Prevention
Build vs. Buy: Getting to the Bottom of the Dilemma
As the appeal of eCommerce grows in the eyes and wallets of new populations of shoppers, selling online is becoming more lucrative. But for merchants, it’s more demanding than ever to scale, expand, and keep up with the dynamics of both shoppers and fraudsters. Future-proofing your business raises many new challenges like embracing omnichannel flows, […]
Fraud Prevention
How the Fashion Industry Can Stay Resilient in 2020
While analysts expected fashion growth to slow down in 2020, none could have predicted a disruption that would contract the industry’s global revenue by nearly 30%. Store closures and shifts in consumer priorities impacted this decline, but eCommerce offers a lifeline for merchants looking to recoup lost revenue. Fashion retailers and brands must adjust their […]
Fraud Prevention
Why the Sneakers Rush Won’t Go Out of Style
The age of sneakerheads This past May, a game-worn pair of Michael Jordan’s sneakers sold for an all-time high of $560,000. The seller, a sneaker collector and founder of the Shoezeum sneaker museum stated, “these are the most iconic and coveted sneakers of all time”. In fact, following the release of the Netflix documentary ‘The […]
Fraud Prevention
Is AVS for Fraud Detection Still Relevant?
The address verification system (AVS) has been one of the most relied upon forms of fraud detection for years. It checks the billing address submitted by the card user during checkout with the billing address on record at the issuing bank. The credit card processor indicates how much of a match there is to the […]