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Online retailers see sharp rise in retail fraud

The fashion and retail industry has seen a surge in account takeover fraud, as cases filed to the UK's National Fraud Database (NFD) jumped by 142 percent in the first half of 2024, according to data from Cifas, the UK's leading fraud prevention service. The increase poses a significant challenge for online retailers, particularly in the fashion...

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Hackers attack Spanish fashion multinational Tendam, demand 800,000 dollar ransom

A group of hackers has attacked the computer systems and databases of Spanish fashion giant Tendam, the parent company of chains such as Cortefiel, Pedro del Hierro, Springfield and Women'secret. The cybercriminals are now demanding 800,000 dollars to prevent them from leaking or selling the more than 720 gigabytes of confidential information...

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