For businesses big and small, cybersecurity is crucial. Lax security practices not only create vulnerabilities but can also result in fines from authorities and potentially even lawsuits. Phishing can lead to fraudulent transactions, which can lead to chargebacks.
EMV chips have made it virtually impossible to spoof physical cards, but these chips do little to prevent card-not-present fraud. eCommerce entrepreneurs commonly believe that skimmers are a brick-and-mortar problem. However, they're now more vulnerable to skimming than card-present merchants ever were.
AI is a scary-powerful tool that is now widely adopted and well-adapted to fight fraud for merchants. But as effective as AI may be, it's not a stand-alone solution to fraud. Examine the advantages and disadvantages of top 5 solutions.
How to stay ahead of the Contactless Payments craze.
With the rise of mobile wallet usage, there has also been an increase in mobile wallet fraud. As a retailer, it's important to understand this type of "contactless fraud" and take necessary precautions to protect your business and your customers.
These days, criminals like to play the role of Grinch, stealing from businesses and consumers alike. Businesses need to know what to watch for, so let’s take a gander at some of the most common holiday scams and criminal activities.
The Metaverse is building the internet as an "experience." Fraudsters are currently "experiencing" ways to perpetrate scams on merchants and it’s only a matter of time before they succeed.
Crypto provides unrivaled authentication and security in transactions, but there are some things you should consider before jumping on the bandwagon.
Let's get you asking the right questions to determine where manual review can effectively assist your fraud prevention.
Shopify is all-inclusive storefront solution for eCommerce merchants. It's super-easy to set up and use. For some merchants, that simplicity can create major complications with disputes and chargebacks.
Blacklisting is not a cure-all against eCommerce fraud; it employs some useful mechanisms for catching suspected fraud, but declining these transactions may not always be the best course of action.
Order Insight sends transaction data to issuing banks to prevent cardholder inquiries from becoming disputes and chargebacks. Learn how it can deflect disputes and reduce chargebacks for merchants.