E-Commerce Blog

A federal grand jury has indicted four owners and key employees of a company that prosecutors said for years illegally cornered the market on the best concert and sporting event seats. The 60-page indictment accuses the men of directing an international conspiracy to defeat security schemes at Ticketmaster, Tickets.com and other online ticketing sites. It claims the company controlled thousands of Internet and email addresses, telephone numbers, and credit card accounts to make it appear that thousands of individual consumers were buying seats.

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4 Wiseguys Indicted for Gobbling Up Choice Concert Tix

Many consumers are still afraid of shopping online, and it’s not hard to see why, with reports of fraud, identity theft, data loss and other security breaches regularly making the news. The fact is, though, online shopping is safer than ever before, and new and emerging security technologies, methods and standards are being implemented every day. Reality is one thing — perception is another. How can consumers be convinced that it’s safe to shop online?

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Drawing Security-Spooked Customers Into the E-Commerce Fold

Fraud prevention, in its many layers and forms, is one of the most important services that can be provided to e-merchants. With each passing year, fraudsters become more experienced and new forms of fraud are developed. What is different in recent years is that we have been dealing with an economic recession. As a result, there has been an increase in the amount of “friendly fraud,” with people making online purchases legitimately and then making chargebacks when they realize they don’t have the money to pay.

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Fortifying Your E-Tail Operation Against ‘Friendly Fraud’

Sometime between now and the year 2019, Comcast will start going after botnets and will stop sending malicious Web traffic to its customers. Google will send up more alarms if your search results include possibly infectious links. Microsoft and Apple will get better at plugging holes in their software. The U.S. Congress will assign liability for bad network security, and economic incentives will be taken away from hackers looking to make a quick buck. An H.G Wells-like vision of an information technology utopia?

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Tech Futurist Sees Rosy Prospects for Net Security

Authorities said Wednesday they have arrested 33 people in breaking up a crime ring in the U.S. and Egypt in which an elaborate “phishing” scam bilked bank customers out of at least $1 million. Federal authorities said a total of 53 people were named in an indictment, while authorities in Egypt have charged 47 others in connection with the scheme. The 33 arrests so far in the U.S. were mostly in Southern California but also in Nevada and North Carolina. All the U.S. suspects were charged with conspiracy to commit wire fraud and bank fraud, Assistant U.S. Attorney Wes Hsu said.

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Feds Nab Dozens in Bank Phishing Scheme