We live in a developing worldand with the improvement of internet, everything has come online now. Ecommerce sites are just one such beautiful concept caused from the net. It allows you to exchange money and solutions. Just when ecommerce websites are in huge popularity,ecommerce frauds have also taken a high speed. It is happening everywhere and everytime may be happening around you as you're reading this report. With the emergence of more sites of transactions the shopowners and the prospects are essentially getting involved in this huge net of ecommerce fraud.
How ecommerce fraud takes place? The ecommerce fraud occurs mainly through stolen credit cards, a kind of sterile fraud.Whena stolen credit card is used as a payment system it contributes to fraud that is clean. Friendly fraud is just another well known type of ecommerce fraud where the client disagrees that he received the service or needs a refund. Shipping fraud can be also used by several fraudsters, in this the shipping address given for the support is actually of the fraudster. Another growing fraud is CNP fraud.
Growthof CNP fraud CNP fraudcalled as card -not -present fraud is rising like a termite in today's world of internet, because this sometimes happens even without the real theft of your card. Somehow the thief gets to know the card number after which he misuses it in online transactions. A current study in U.S states the average increase in CNP fraud over the year 2015 and 2016 was almost 1 billion dollars.
There are several methods whereby ecommerce frauds can be prevented like via the use of a verified and bonded site for cash transaction, getting your cards blocked when it gets stolen, keeping secrecy with your card number. You can go to https://www.ethoca.com/solutions for help regardless of of any ecommerce fraud or a CNP fraud.