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.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim