Forter, a technology firm that seeks to prevent fraud online by catching them before they strike, has compiled a fraudster’s wish list.
The latest ranking shows how fraudsters are planning to spend other people’s money via techniques such as account takeovers, and items on the wish list correlate with the popularity of an item and, in turn, their ability to resell it.Forter also noted that in comparing the first half of the year with the same 2015 period, fraud attacks are “two-and-a-half times higher for domestic orders and twice as high for international orders.” And while fraud rates seem to go down during the holiday season, that’s mostly because the flood of legitimate online customers rises during the same period, which in turn makes the number of fraud attacks a smaller percentage of the overall total of online transactions.According to Forter, jewelry — particularly gold or silver — is the top pick during the holiday season. “On the whole, the favorite fraudster pick this season is a ring with a 0.8-carat diamond or other precious stone. These gems are large enough to represent significant [return on investment] for a fraudster, but are not so large as to draw unwanted suspicion,” the tech firm noted, adding that this is a change from earlier behavior when many tried to steal the largest and most expensive items they could.Also popular are women’s Rolex watches. Frauds are targeting women’s watches 21 percent more often than men’s watches. And while Rolex heads the 2017 list, other watch favorites this year include those from Michael Kors, Gucci and Citizen.Another popular category is perfume, as well as beauty products in general, due to their popularity as gift items.During the holiday season, shoe purchases online rise 2.5 times compared with other times during the year. Forter noted that this year, “festive open-toed heels with gold shimmer are the fraudsters favorite choice.”One interesting change this year is the rise in popularity of puffer jackets, which has dethroned the leather jacket. Fraudsters are buying them in bulk, up to 10 in a single purchase. Moreover, instead of the typical pattern of reselling them online, they are taking the apparel item and selling them on the street, according to Forter.Other popular items during the holiday season include cell-phone covers and related accessories, travel tickets, MacBooks, bottles of Cognac, fake IDs and iTunes gift cards.Separately, Forter noted that when it comes to luxury merchandise, luxury web sites experience 6.2 times more international fraud than when compared with department store web sites. The tech company also noted that many fraudsters will try to reach for the priciest items first, but when their credit cards are declined, will attempt smaller attacks to test the system. Department stores in general will see fraudsters targeting a variety of low amount items, such as scarves, although some will aim for huge carts of 30 to 50 items. Further, department stores such as Nordstrom will attract more “frivolous” abusive buyers, those who try to buy things online they can’t afford, and then try to get false chargebacks to get their money back and maybe even getting to keep the item, Forter said.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion