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
Google+
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
Oldest First  |  Newest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 9/17/2020
Cybersecurity Bounces Back, but Talent Still Absent
Simone Petrella, Chief Executive Officer, CyberVista,  9/16/2020
Meet the Computer Scientist Who Helped Push for Paper Ballots
Kelly Jackson Higgins, Executive Editor at Dark Reading,  9/16/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-25789
PUBLISHED: 2020-09-19
An issue was discovered in Tiny Tiny RSS (aka tt-rss) before 2020-09-16. The cached_url feature mishandles JavaScript inside an SVG document.
CVE-2020-25790
PUBLISHED: 2020-09-19
** DISPUTED ** Typesetter CMS 5.x through 5.1 allows admins to upload and execute arbitrary PHP code via a .php file inside a ZIP archive. NOTE: the vendor disputes the significance of this report because "admins are considered trustworthy"; however, the behavior "contradicts our secu...
CVE-2020-25791
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with unit().
CVE-2020-25792
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with pair().
CVE-2020-25793
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with From<InlineArray<A, T>>.