Common Cryptocurrency Scams & How To Avoid Them
Cryptocurrency scams are on the rise and anyone can fall victim to one. Knowing what the more common ones are can help to avoid getting scammed. Cryptocurrency s simply described as digital money. An idea that was first introduced with Bitcoin by the Natoshi Nakamoto over a decade ago. Since then, it has become so […]
How Billion-Dollar Crypto Scams Lure Victims
Crypto scams In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest cryptocurrency Ponzi schemes […]
THE TRUTH ABOUT GATEWAY FILTERS
Many online merchants fight chargebacks by using payment gateway filters to protect their integrated payments processes from fraudulent behavior. What they may not realize is that these gateway filters are actually hurting their businesses by declining perfectly safe orders along with the fraudulent ones. In this blog post, we’ll walk you through the nitty gritty […]
FROM BREACH TO CHECKOUT, HOW STOLEN CREDIT CARD DATA GETS INTO YOUR ORDERS
Once breached credit card data spills onto the dark web, it’s only a matter of time before some of that data trickles into your eCommerce site’s transaction volume. Nevermind that you’ve plugged all possible leaks in your payment process. Fraudsters will gleefully water down your order form with credit card data stolen from elsewhere. If […]
HOW IS ONLINE FRAUD TRENDING?
Fraudsters and online stores have played an evolving game of cat-and-mouse ever since the first eCommerce platform was invented. In this article, we’ll talk about some of the latest emerging patterns of fraudulent behavior and what it’s costing businesses that don’t have an effective fraud prevention solution, so you can stay ahead of the curve. […]
ARE FREIGHT FORWARDERS A RED FLAG FOR FRAUDULENT BEHAVIOUR?
Receiving an order with a request for delivery to a “freight forwarder” or “reshipper” can make even the most experienced eCommerce merchant wary. For many online sellers, a freight forwarder is strongly associated with fraud—often, it’s assumed to be a fake address used by scammers—and for good reason. In this blog post, we’re breaking down […]
FIGHT CHARGEBACKS FOR SUBSCRIPTION BILLING
Automated subscription payments are quite literally the gift that keeps on giving for eCommerce. Once you’ve acquired a customer, they’re much more likely to buy again and again. Especially popular among Millenials, subscription-based businesses are booming in practically every industry, from personal care products to toys to specialty foods. Unfortunately, the subscription model also carries […]
The SEC Files as the CFTC Settles Charges Against Swiss Securities Dealer
The United States Securities and Exchange Commission (SEC) has filed charges against XBT Corp. SARL on the same day that the Commodity Futures Trading Commission (CFTC) settles charges against the same company. SEC allegations In a press release on Oct. 31, the SEC alleged that the Switzerland-based securities dealer, XBT Corp. SARL, operating under the name First Global Credit, […]
Instagram influencer nabbed in Dubai for running alleged cryptocurrency investment scam
Aziz ‘Com’ Mirza, a Canadian man living in Dubai, has been arrested by authorities and accused of defrauding investors through a string of get-rich-quick schemes, including real estate-backed cryptocurrency Habibi Coin — once dubbed “the Bitcoin of the Middle East.” According to Gulf News, Mirza, who describes himself as a serial entrepreneur, mentor, influencer, and […]
BITCOIN PASSES $1 BILLION MILESTONE ON CRYPTOCURRENCY ANNIVERSARY
Bitcoin has reached $1bn (£770m) in cumulative transaction fees, passing the major milestone on the eleventh anniversary of the world’s first cryptocurrency. Data gathered by analytics firm Coin Metrics revealed that over 200,000 bitcoin have now been paid in transaction fees since it launched in 2009 – three months after its creator Satoshi Nakamotoa, a pseudonym, published the white paper […]
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