We have already given 10 tips on minimizing eCommerce Fraud Exposure. But it’s not just about spending money on fraud detection/prevention systems. You first need to understand the kinds of fraud you can be exposed to. Only then can you figure out the ways to save yourself from them.
Detect the type of fraud

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The most advanced criminals will give you a fake card or a card obtained via skimming. There is little you can do in such cases since the criminals themselves practice fraud as a means of earning a …

As a continuation to the first part of “10 Tips to Minimize eCommerce Fraud Exposure Part 1″, let’s dive into the second part.
6. Report “phishermen” who are out to benefit from spoof sites
Recently more and more phishing scams have been reported, especially from online banking customers. Imagine a scenario where a chunk of money unknowingly vanished from your account. Well, the fact is that you could very well have helped the scammer transfer YOUR own money into THEIR accounts. What happens is that the account holder receives a fraudulent email …

For merchants who rely on eCommerce and the Internet as their source of livelihood, credit card fraud is not a laughing matter. This is especially true when you have huge electronic payment gateways and similar companies protecting their businesses by spending millions in security and to uphold the strength of their data storage systems. However, fraud prevention professionals say that some merchants rely too much on their sophisticated tech tools and fail to see that the simplest steps can help avoid fraud. All it takes to begin the awareness is …