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.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.