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.
Cybercrime in ecommerce is not a joke today. Data breaches are on the rise since 2013 and it is important that retailers are aware as we go into 2017 full-steam ahead. This infographic by BigCommerce and Symantec provides a deep dive look at how cybercrimes will impact retailers in 2017.
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 retailers and shoppers congregate online for the biggest shopping weekend of the year, so are cyber criminals. Cyber criminals use this time to their advantage. Are you prepared should a cyber criminal strike? Here are four tips to keep the cyber criminals out of your way this cyber weekend.
Looking toward 2017, card not present fraud will likely continue to be a concern among merchants of all sizes. Take a closer look at card not present fraud along with five ways retailers can combat it.
When battling ecommerce fraud, it is important to fight fire with fire. The most effective fraud solution can stand up to the most sophisticated criminal activity by addressing the full life cycle of fraud and casting a web of well-coordinated intelligence.
While the changing environment for merchants, including mobile commerce and card not present (CNP) transactions, presents a number of payment fraud challenges, there are 5 that should take priority. Find out which ones you need to address now.
While online sales are booming, it is leading to increases in ecommerce chargebacks and fraud, leading to rising operational costs to manage these twin issues effectively. Here are some tips to help you successfully mitigate fraud risk and reduce the instance of chargebacks.
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.