More and more customers are making the switch from brick and mortar stores to ecommerce websites thanks to the convenience of online shopping, but there’s still a significant portion of the population who are wary about adopting these new practices. Consumers are fearful of security thefts and are refraining from making the shift to online shopping. Here is how you can make your customers and yourself feel safe in the shopping journey.
Fraud prevention provider Forter’s 2017 Fraud Attack Index, done in conjunction with the Merchant Risk Council (MRC), details the rate at which ecommerce fraud attacks increased in traditional retail verticals. The study found there was a 79% increase in ecommerce fraud for domestic holiday orders. See what else the study found.
To combat online fraud post-EMV, the Electronic Funds Transfer Association (EFTA) is calling for more stringent user authentication and urging industry stakeholders to push for wider adoption. See what else the EFTA found in terms of fraud and chargeback frequency, and what the industry is doing in response.
As data breaches become more sophisticated, cybercriminals are finding new ways to increase the efficiency of attacks aimed at gaining confidential information such as login and payment data. One way they are doing so is by using Bots, a software application that runs automated tasks. There are several ways you can reduce Botnet attacks while maintaining a balance between security and convenience.