Peer-to-peer payments are digital payments that allow users to send and receive money directly from one person to another without needing a bank or other traditional financial institution. As more people use P2P payment systems, the potential for scams and fraud increases. In this fraud research guide, we provide you with the information you need to stay safe when managing P2P payments.
There are many risks involved when you decide to collect personal or financial information for your online business. Stay one step ahead of fraudsters and learn how online businesses can protect themselves from credential theft.
With more and more businesses relying on fully digital operations for their organizations, the opportunity to be affected by fraud only increases as companies grow. Let's discuss four of the biggest fraud threats to business in 2023.
Friendly fraud is a common credit card fraud that impacts eCommerce businesses. It occurs when a customer files a chargeback with their credit card company on a legitimate transaction rather than first trying to obtain a refund from the merchant. It’s also commonly known as a form of chargeback abuse, chargeback fraud, or cyber shoplifting.
In this article, we’ll discuss the basics of what KYC is, how laws are applied, why KYC is important, what are some of the core requirements of Know Your Customer, and what technology exists to help affected businesses stay compliant.
Card cracking is when fraudsters test credit card details on e-commerce businesses. They are either checking the details that they have work or trying different combinations of partial information, hoping to find out the information they don't already know.
Chargebacks can cost your business money, inventory, and negatively impact your merchant reputation. Learn how to prevent chargebacks from harming your business through preventative measures.
Ecommerce fraud is a type of cybercrime in which criminals use stolen credit card information or fake identities to make unauthorized purchases online. It can also involve identity theft, where criminals use stolen personal information such as names, addresses and Social Security numbers to open new accounts or take out loans in someone else’s name.
Phishing is the process of sending fraudulent emails designed to steal personal information or gain access to online accounts. These emails often appear to come from legitimate sources, such as banks or other financial institutions, but they are actually sent by hackers attempting to gain access to your confidential information.
Today's ecommerce fraud is sophisticated, automated, and hard to detect. Learn about these 6 leading types and how to recognize them before it's too late.