Fraud Prevention
As the evolution of payment digitization and tokenization speeds up, an even greater shift is prompting a big change within the global payments industry. More card users than ever, and more issuers entering the space, have led to a shortage of bank identification numbers (BIN), which help identify the geographical location, type, and brand of … Continued
Marketplace fraud teams are actively working to protect against known and emerging types of fraud, but some fraud tactics aren't as clear-cut.
In retail, a relatively quiet Q1 is a good time for merchants to reflect on and assess their holiday results, and also plan for the next holiday season. Before you get started, a word of caution: while promotions, attractive offerings, and strong brand reputation attract new and loyal customers in November and December, they also … Continued
Now that we’ve reached the sobering post-holiday time of year, it’s clear that while the season is great to spend time with, and spend money on, your loved ones – it is also a great time for fraudsters to commit their most deviant scams. Starting in October, Riskified observed a huge volume increase in account takeover … Continued
If you had a successful ride on the roller coaster that is the holiday shopping season, your refund policy could soon be coming back to haunt you in the form of empty box scams. Across the board, policy abuse including promo abuse and item-not-received (INR) is on the rise, and merchants have come to expect more … Continued
Happy New Year! January is a good time to take an earnest look at your promo strategy. Now that another holiday season has come and gone, eCommerce merchants are analyzing performance as they gear up for the year ahead. For many merchants, the holidays are a time to put marketing dollars to work, rolling out … Continued
Policy abuse is a growing concern for online retailers, but blocking it requires a different set of capabilities than traditional eCommerce fraud
The top post on the popular Dark Web forum DarknetMarketsNoobs is a pinned compilation of useful links and important previous entries. The helpful post serves well to illustrate just how outdated is the old trope of the lone fraudster working from their basement. Today, no fraudster is an island. Instead, fraudsters are part of an … Continued
Global online retail sales are expected to surpass the $7 trillion mark by 2025, according to eMarketer. So that’s the good news. However, the bad news is that this notable growth in sales will inevitably lead to a rise in ecommerce Fraud. In this blog, I will discuss top prevention strategies of ecommerce fraud. Beginning in … Continued
