ENTRIES TAGGED "payments"
Early detection and prevention
Online payments and eCommerce have been targets for fraud ever since their inception. The availability of real monetary value coupled with the ability to scale an attack online attracted many users to fraud in order to make a quick buck. At first, fraudsters used stolen credit card details to make purchases online. As services became more widely used, a newer, sometimes easier alternative emerged: account takeover.
Account takeover (ATO) occurs when one user guesses, or has been given, the credentials to another’s value storing account. This can be your online wallet, but also your social networking profile or gaming account. The perpetrator is often someone you don’t know, but it can just as easily be your kid using an account you didn’t log out of. All fall under various flavors of ATO, and are much easier than stealing one’s identity; all that’s needed is guessing or phishing a user’s credentials and you’re rewarded with all the value they’ve been able to create through their activity.
Yahoo gets a data-savvy CEO, a big week for apps, and Robert Scoble goes shopping with eBay.
Yahoo's new CEO sees gold in the company's datasets, and the week between Christmas and New Year's Day is chock full of app downloads. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)
Three commerce startups from TechCrunch Disrupt. Also, daily deals and the feature phone endure.
Three commerce startups from TechCrunch Disrupt feature alternative forms of payment for digital goods. Also, daily deals and the feature phone endure.
Ebay buys Where, the White House wants identity protection, and researchers find interesting data about themselves on the iPhone.
EBay's purchase of a mobile advertising and check-in service adds another piece to its mobile payment puzzle. Also, the White House calls for an online identity ecosystem and two researchers discover caches of location data left unencrypted on their iPhones.