Online retailers have found that in addition to selling products, letting third party vendors sell on their platform has enabled them to grow by leaps and bounds. For example, Amazon has 2 million third-party sellers and over 50% of all items sold are through them. The benefits to online retailers for having third-party vendors include:
This year, LendIt Europe brings together some of the most important people and largest companies in the space. There are over 150 speakers from 25 countries representing banks, online lenders, P2P lenders, law firms, and media. Of all of the sessions, listed below are the ones we found most interesting.
We recently wrote about how Identity Fraud Rings use compromised identities from data breaches to commit illegal activities. Last week, Yahoo! revealed it had suffered a massive data breach - 500 million user records were reportedly compromised — “the biggest known intrusion of one company’s network”.
Identity fraudsters usually work in groups. Called “fraud rings”, these groups operate very similarly, differing slightly depending on their particular fraud activity.