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Cyberlockers: Beware of Wolves in Sheep’s Clothing

Cyberlockers are third party file-sharing – also known as “file hosting” – services. Examples of popular cyberlockers are DropBox, Hotfile, MegaVideo, and RapidShare. While there are practical applications for this type of service – such as transferring documents and photos between friends, or collaborating with remote colleagues – these file sharing merchants can also pose immense risk to acquirers. Cyberlockers have been repeatedly found to be associated with brand damaging, risky, or even illegal content, including violent video and intellectual property rights infringement. This business model is currently largely unregulated and very difficult to monitor, so acquirers should proceed with caution.

Post Date: July 2, 2013May 15, 2020 Post Categories: Blog, High-risk Merchants, Merchant Fraud, Merchant Risk, Prohibited Content

After a Data Breach, What’s a Merchant to Do?

Millions of pieces of “Personally Identifiable Information” (PII) are compromised each year due to data breaches, theft by an employee or loss of the data by the company. Yet surprisingly, 69% of small business do not believe that there would be a significant financial impact or harm to their business reputation if they experienced a data breach, according to a recent study conducted by Ipsos Reid. This study also found that:

40% of small business owners have no protocols in place for securing data, a five percent increase from last year.
More than 1/3 of the small businesses report that they never train staff on information security procedures.
48% of small businesses don’t have anyone directly responsible for management of data security.

Post Date: June 28, 2013May 15, 2020 Post Categories: Blog, Data Breaches, Merchant Risk

G2 Appoints Gunawan Herri As Chief Information Officer

As the new CIO, Gunawan Herri will lead the G2 Web Services technology team in developing new payment risk management solutions, and managing the G2 Merchant Map database to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

BELLEVUE, WA, June 27, 2013 – G2 Web Services, the leading global provider of payment risk management services, today announced that Gunawan Herri has joined G2 as Chief Information Officer and Vice President of Technology. In his role, Herri will be responsible for leading the technology team in enhancing current G2 technology and developing new payment risk management technology to mitigate emerging risks facing the payments industry. Herri will manage and grow the G2 Merchant Map, an extensive database comprising billions of data points on merchant risk history, to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

Post Date: June 27, 2013May 15, 2020 Post Categories: Blog, News, News & Events, Press

G2 at the MAC Annual Conference

G2 Web Services was a premium sponsor and exhibitor at the recent Merchant Acquirer’s Committee (MAC) Annual Conference at MGM Grand Hotel in Las Vegas. David Landis, Vice President of Global Sales, Eric Tishkoff, Director of Product Development, and James Fisher, Client Manager, all represented G2 at this conference, which is specifically focused on the payment fraud and risk management industry.

Post Date: June 11, 2013May 14, 2020 Post Categories: 2013 MAC Annual, Blog, Events, News, News & Events, Press

G2 Featured on MasterCard Morning Brew

Robert Caldwell, G2 Web Services Founding Partner, was featured on the MasterCard Worldwide Morning Brew with Nicole Ward. The piece focused on “Fighting Payment Fraud and Identifying Risk”, and highlights the upcoming MasterCard Americas Risk Conference, as well as the topic of keeping fraud out of the payment system.

Post Date: April 25, 2013May 14, 2020 Post Categories: Blog, News, News & Events, Press

G2 and Sysnet Global Solutions Announce the Launch of their PCI DSS Partnership

The newly formed partnership will allow G2 Web Services and Sysnet to deliver the G2 CompliancePlus Suite – the most comprehensive merchant compliance solution available to the payment industry, with compliance solutions for PCI DSS, third-party service providers, and merchant website compliance.

February 5^th, 2013, London, United Kingdom – G2 Web Services, a leading provider of payment risk management solutions for members of the payments value chain, and Sysnet Global Solutions, a leading global provider of payment card industry compliance management services specializing in PCI DSS, announced the formation of their new partnership today at the 4th Annual G2 Merchant Risk Summit.

The partnership will enable G2 Web Services to integrate Sysnet’s PCI DSS compliance solutions into the full suite of services it currently offers to more than 200 acquiring clients globally focused on due diligence, compliance and fraud. G2 will now offer the CompliancePlus Suite, which includes Sysnet’s PCI DSS compliance management solutions.

Post Date: February 5, 2013May 14, 2020 Post Categories: Blog, News, News & Events, Press

G2 Offering Addresses Growing Service Provider Security Problems

G2 joins PCI Security Standards Council and announces its enhanced Service Provider Sentinel offering, which aims to improve payment data security among a growing landscape of largely unsecure service providers.

Bellevue, WA, July 18, 2012 – G2 Web Services, LLC, the recognized leader in e-commerce risk management, today announced its enhanced Service Provider Sentinel offering, a combination of technology, accelerated human analysis, and G2’s proprietary merchant map that enables acquiring banks to more quickly address and mitigate the growing risk of unregistered service providers. Service providers are entities that offer services to merchants that may control or impact the security of cardholder data. Acquiring banks often do not know which service providers their merchants are using, whether they are secure, or if they are properly registered with the card networks. All these factors pose great risk to acquiring banks for costly and brand-damaging data breaches and account data compromise.

Post Date: July 18, 2012May 14, 2020 Post Categories: Blog, News, News & Events

The International AntiCounterfeiting Coalition Developing New Online Tools to Choke Off Money to Rogue Websites

Washington, Sept. 27, 2011 – The International AntiCounterfeiting Coalition (IACC) announced today that it has inked a deal with G2 Web Services, LLC, the leading provider of merchant compliance monitoring and risk management services, to develop a portal-based system designed to help brands turn the lights out on “rogue websites” selling counterfeit goods online. According to the IACC, the system is emblematic of a new strategy in online intellectual property enforcement: hitting counterfeiters in the wallet by working with financial institutions to shut down their ability to process payments.

Post Date: September 27, 2011May 14, 2020 Post Categories: News, News & Events, Press

G2 Secures Strategic Investment from Primus

Bellevue, WA, September 6th, 2011 – G2 Web Services, LLC, the leading provider of merchant compliance monitoring and e-commerce risk management services, today announced a strategic investment from Primus Capital. The investment will significantly expand G2’s global presence and accelerate the launch of revolutionary new services to manage merchant risk.

Post Date: September 6, 2011May 14, 2020 Post Categories: News, News & Events, Press

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