• Articles

    29) Stock-Market Recovery: 1933 to 1960s with Market Manipulation in the Electronics Boom

    Following the Wall Street Crash of 1929, the United States and its major trading partners experienced a decade of severe economic downturn that led to the Second World War. Though production surged during the War, a full recovery of the stock market was prolonged. While it took Wall Street over twenty years to regain its level of 1929, it is unfair to look at the Great Crash as any single event. Following World War II, Wall Street held a widespread belief that institutions had risen above the madness of the crowd. However, professional investors participated subsequently in several distinct speculative movements from the 1960s through the 1990s. The Soaring Sixties…

  • Whiteboard Wednesday #10: Fraud in e-Commerce | Clearhaus Learning
    Articles,  Blog

    Whiteboard Wednesday #10: Fraud in e-Commerce | Clearhaus Learning

    Hi. Welcome to Whiteboard Wednesday. We’re back again talking about this time fraud and what it means to your online business or your mobile business. So, there’s different parts in the chain as we spoke about before. The consumers, this is your webstore or your e-Commerce site, the acquirer; Visa, MasterCard, and the card issuers. And the issuers issue the cards to the consumers. I think what’s important right at the beginning is to say that merchants are obliged to undertake and conform to the card scheme rules, and unfortunately what that means is that the onus of responsibility on the merchants is that they have to protect themselves against…

  • When Fraud Prevention Prevents ECommerce
    Articles,  Blog

    When Fraud Prevention Prevents ECommerce

    Retailers should come together and say hey we’re fighting fraudsters it’s not i’m going to do a better fraud prevention job than the other guy, it’s not a competitive advantage. Its kind of table stakes for commerce. Michael Reitblat co-founder and CEO of Forter, an online fraud prevention company says he spent his entire life fighting online fraud and that today fraud costs companies 200 billion dollars in annual lost sales and accounts for 70 billion dollars in annual fraud damages. We’re seeing a hundred and twenty-six percent increase in the number of fraud attacks in the last three quarters. And he says many sophisticated online businesses are realizing that…

  • How to spot a pyramid scheme – Stacie Bosley
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    How to spot a pyramid scheme – Stacie Bosley

    In 2004, a new company called Vemma Nutrition started offering a life-changing opportunity to earn full time income for part time work. Vemma’s offer was open to everybody, regardless of prior experience or education. There were only two steps to start get started earning: purchase a $500-600 kit of their liquid nutrition products, and recruit two more members to do the same. Vemma Nutrition Company grew quickly, becoming a global operation that brought in 30,000 new members per month at its peak. There was just one problem— while the company generated $200 million of annual revenue by 2013, the vast majority of participants earned less than they paid in. Vemma…

  • Ebay LED floodlight scam warning.
    Articles,  Blog

    Ebay LED floodlight scam warning.

    LED floodlights are very popular on eBay at the moment They’re cheap, and they seem to be quite bright and they certainly do save a lot of energy so let’s plug this one in and just see how bright it is Oh, that’s pretty good, looks okay The sensor works okay, but is it 20 Watt? Well, let’s bring in a power meter here and we’ll plug it into the power meter The power meter says the 20 Watt light is drawing 13 Watts And I know that the passive infrared sensor here uses one of those Watts So the actual power of the LED is 12 Watts And you…

  • Anti-fraud expert debunks ecommerce fraud myths from the internet
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    Anti-fraud expert debunks ecommerce fraud myths from the internet

    Really? No. No. No way. Hi, guys. I’m CJ Zhuo and I’m an anti-fraud expert. Today in Tech in Asia, we’ll be debunking online fraud myths from the internet. The first myth, ecommerce fraud only happens when your credit card details are stolen. This is not true. Ecommerce fraud like loyalty program fraud, e-wallet fraud, and account takeovers does not require credit card details. Examples of loyalty fraud is frequent flyer programs where your miles are being compromised. E-wallets could be funded by bank accounts. So again, credit card details are not required. Account takeovers, you have a customer account with any ecommerce merchant. You would probably have your card…