Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

4/17/2012
10:59 AM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

NYC No. 1 In E-Commerce Fraud

New report says most online fraud in the U.S. comes from the Big Apple, followed by Atlanta, Chicago, Los Angeles, and Omaha, Neb.

If you're conducting online transactions in New York, New York, then you are most at risk of fraud, according to a new study.

ThreatMetrix sampled nearly 1 billion transactions handled by U.S. e-commerce vendors during the first quarter of this year to measure the hot spots for fraud. The security vendor scored each transaction as either low-, medium-, or high-risk; merchants reject what they detect to be high-risk transactions, and perform a manual review of what they detect as medium-risk.

New York City came in first with the most online fraud risk, followed by Atlanta, Chicago, Los Angeles, Omaha, Neb., Dallas, San Francisco, Houston, Washington, D.C., and Lexington, Ken. New York City was one-and-a-half times more likely to be at risk for online e-commerce than Atlanta, and twice as likely compared with Chicago.

"As fraudsters grow more sophisticated and expand globally, it's only natural that large cities with international profiles, easy access to shipping, and high connectivity rates will become breeding grounds for new generations of cyberthreats, including both fraud and malware," said Alisdair Faulkner, chief products officer for ThreatMetrix.

Faulkner said New York City, Chicago, and L.A. are a "gold mine" for cybercriminals looking for identities, passwords, and credit cards to steal. "We would expect to see a highly connected city like San Francisco rank higher, but perhaps the relatively substantial penetration of Apple devices, which are largely seen to be less vulnerable to malware, explains its relatively low ranking," he said.

Miami, Seattle, Austin, Texas, Ft. Lauderdale, Fla., San Diego, Raleigh, N.C., Las Vegas, Minneapolis, Nashville, Tenn., and Philadelphia round out the top 20 most risky cities for online fraud.

Meanwhile, ThreatMetrix plans to also issue a top list of international cities where online fraud originates.

Have a comment on this story? Please click "Add Your Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message.

Kelly Jackson Higgins is the Executive Editor of Dark Reading. She is an award-winning veteran technology and business journalist with more than two decades of experience in reporting and editing for various publications, including Network Computing, Secure Enterprise ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-30485
PUBLISHED: 2021-04-11
An issue was discovered in libezxml.a in ezXML 0.8.6. The function ezxml_internal_dtd(), while parsing a crafted XML file, performs incorrect memory handling, leading to a NULL pointer dereference while running strcmp() on a NULL pointer.
CVE-2021-30481
PUBLISHED: 2021-04-10
Valve Steam through 2021-04-10, when a Source engine game is installed, allows remote authenticated users to execute arbitrary code because of a buffer overflow that occurs for a Steam invite after one click.
CVE-2021-20020
PUBLISHED: 2021-04-10
A command execution vulnerability in SonicWall GMS 9.3 allows a remote unauthenticated attacker to locally escalate privilege to root.
CVE-2021-30480
PUBLISHED: 2021-04-09
Zoom Chat through 2021-04-09 on Windows and macOS allows certain remote authenticated attackers to execute arbitrary code without user interaction. An attacker must be within the same organization, or an external party who has been accepted as a contact. NOTE: this is specific to the Zoom Chat softw...
CVE-2021-21194
PUBLISHED: 2021-04-09
Use after free in screen sharing in Google Chrome prior to 89.0.4389.114 allowed a remote attacker to potentially exploit heap corruption via a crafted HTML page.