E-Commerce Security and Fraud Prevention
E-Commerce Security and Fraud Prevention Online stores face constant threats. Card-not-present fraud, account takeover, and fake refunds can hurt revenue and erode trust. A layered approach helps: protect data, verify suspicious activity, and act quickly when something seems off. Understanding common threats is the first step. Card-not-present (CNP) fraud happens when card details are stolen and used remotely. Account takeover occurs when a shopper’s account is hacked, allowing unauthorized purchases. Data breaches can expose payment data, personal details, and order history. Fraudsters also use bots to stuff carts or submit fake returns, which can inflate costs and complicate settlements. ...