News
Loyalty programs a big target for hackers
November 11, 2019
Loyalty programs are increasingly a focus for hackers and fraudulent e-commerce activity, according to research released by Forter.
The firm analyzed $140 billion in e-commerce transactions and discovered an 89% increase between the second quarter of 2018 and this year, according to a CreditUnion Times report.
"A clear trend in online fraud is emerging," Forter CEO and co-founder Michael Reitblat told the CreditUnion Times. "We're seeing fraudsters now shift their efforts earlier in the customer journey, gaining access to consumers accounts. A second trend shows that fraudsters are diversifying into softer currencies that are not primarily financial and moving beyond transactional credit card fraud into areas such as loyalty account fraud and policy abuse."
