Knowledge Category: Fraud Prevention

Online payment fraud has become an increasingly prevalent threat to individuals and businesses alike. North America being the largest target that’s expected to account for over 42% of global online payment frauds this year. Scammers are now using various types of online payment fraud tactics to try and steal from consumers and businesses.
Luckily, there are some tips and tools that you can use to safeguard your personal and financial information. From password management to two-factor authentication, it’s important to have the knowledge and resources needed to stay ahead of cybercriminals. The ecommerce fraud detection and prevention market continues to grow and is said to reach $69 billion by 2025.

Merchants are expected to keep disputes and fraud at acceptable levels. If your business receives excessive chargebacks, you could land on the chargeback monitoring program.