Online payment fraud set to grow over the next four years

Fraud is nothing new on the internet. From phishing scams to ransomware, we've seen it all. However, the fastest growing part of this dark market seems to be online retail payment fraud. There's a lot of money to be made in this segment of the economy. According to a new report, online retail fraud accounted for a whopping $10.7 billion in 2015, but, even worse, it's an up and coming thing. Juniper Research claims it could grow as high as $25.6 billion by the year 2020. The reason behind this growth is the implementation of CHIP and PIN at outlets,… [Continue Reading]