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NYC "Worst City" for Online Fraud

Nyc_1New York City, Miami and Los Angeles are the "highest risk" cities for eCommerce fraud, according to a CyberSource press release.

  1. New York City: 18% (down from 26% last year)
  2. Miami: 7%
  3. Los Angeles: 7%
  4. Chicago: 2%
  5. Detroit: 2%
  6. Nigeria: 31%
  7. China: 7%
  8. Indonesia: 5%
  9. Afghanistan, Mexico, Russia, U.K, Vietnam: 4% (each)

To combat fraud, the report indicates most retailers seeking to adopt Card association payer authentication services (e.g. Verified by Visa, MasterCard SecureCode) and automated order screening.

To assist in this process, MasterCard is promoting a free network vulnerability scan for retailers that act before June 30, 2006, from one of five different providers: AmbironTrustwave, Cybertrust, One-Sec, Qualys, and SecurityMetrics, Inc.

Link: CyberSource Fraud Report (free, registration and Adobe Acrobat required)

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