Online fraud has always been a big problem, but now with consumers purchasing more online in the face of the coronavirus pandemic, criminals are finding even greater opportunity for illicit gain.
One big area of concern is content fraud on digital marketplaces, which can be used to perpetrate payment fraud and account takeover. It’s also turning into a favored way to check out stolen card details. Fraud attempts related to content rose 109% between January and May of this year, compared to the same period in 2019, according to a report from Sift, a provider of trust and safety applications to prevent fraud.