jm + ecommerce   4

Mail from the (Velvet) Cybercrime Underground
Brian Krebs manages to thwart an attempted framing for possession of Silk Road heroin. bloody hell
silk-road  drugs  bitcoin  ecommerce  brian-krebs  crime  framed  cybercrime  russia  scary  law-enforcement 
july 2013 by jm
Verified by Visa and MasterCard SecureCode kill 10-12% of your business
As Chris Shiflett noted: not only are they bad for security, they're bad for business too.
12 percent of users consider abandoning [an online shopping transaction] when they see either the Verified by Visa or the American Express SafeKey logos, while 10 percent will consider abandoning when the see the MasterCard Secure card logo.
ecommerce  vbv  online-shopping  mastercard  visa  securecode  security  fail 
june 2013 by jm
Sift Science says it can sniff out cyber fraud — before it gets expensive
Great idea for a startup. This stuff is complex, right in the heart of every company's ordering pipeline, and I can see a lot of customers for this
sift-science  anti-fraud  fraud  b2b  b2c  ecommerce  startups  aws 
march 2013 by jm
How Newegg crushed the “shopping cart” patent and saved online retail
Very cool account of Newegg's battle against a ludicrous patent-troll shakedown. Great quote from their Chief Legal Officer, Lee Cheng:
Patent trolling is based upon deficiencies in a critical, but underdeveloped, area of the law. The faster we drive these cases to verdict, and through appeal, and also get legislative reform on track, the faster our economy will be competitive in this critical area. We're competing with other economies that are not burdened with this type of litigation. China doesn't have this, South Korea doesn't have this, Europe doesn't have this. [...]

It's actually surprising how quickly people forget what Lemelson did. [referring to Jerome Lemelson, an infamous patent troll who used so-called "submarine patents" to make billions in licensing fees.] This activity is very similar. Trolls right now "submarine" as well. They use timing, like he used timing. Then they pop up and say "Hello, surprise! Give us your money or we will shut you down!" Screw them. Seriously, screw them. You can quote me on that.
patent-trolls  east-texas  newegg  shopping-cart  swpat  software-patents  patents  ecommerce  soverain 
january 2013 by jm

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