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Vesta: Releases CNP fraud report

Vesta: Releases CNP fraud report

  • Vesta is the only instant, end-to-end transaction guarantee platform for online purchases
  • Released its first Global Card-Not-Present (CNP) Fraud Report, which includes an analysis of millions of digital transactions
  • The overall percentage of global transactions its system identified as being potentially fraudulent ranged from 10 to 13%
  • A CNP transaction occurs when a sale is made without the customer physically presenting their credit card to the merchant
  • The value of fraudulent transactions is highest on OS X and Windows, indicating fraudsters
  • The only way to effectively identify and prevent CNP fraud with indirect linkage is with machine learning
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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