Fraud Prevention
There is more pressure than ever on merchants to reduce operational costs to offset pandemic-related losses. With brick-and-mortar channels limited and global travel and tourism on hold, businesses that are exposed to hard-hit segments and channels, are facing new cash flow crunches. In this blog post, I’ll discuss why embracing new technology can help merchants … Continued
In more ways than one, scamming a food delivery service is gateway fraud. Remember when ordering pizzas to the address of an unsuspecting victim was a staple of youthful mischief? Some of the popular food delivery fraud MOs our analysts encounter these days are not far removed from childhood pizza pranks. But what some forms … Continued
How do you tell a fraudulent transaction from a legitimate one? Most times, only a thin line separates the two. And as fraudsters become more sophisticated, they can mimic good customers to a greater degree of success. To better understand online fraud, Riskified’s analysts review countless eCommerce transactions a day. Their expertise helps them … Continued
The age of sneakerheads This past May, a game-worn pair of Michael Jordan’s sneakers sold for an all-time high of $560,000. The seller, a sneaker collector and founder of the Shoezeum sneaker museum stated, “these are the most iconic and coveted sneakers of all time”. In fact, following the release of the Netflix documentary ‘The … Continued
The address verification system (AVS) has been one of the most relied upon forms of fraud detection for years. It checks the billing address submitted by the card user during checkout with the billing address on record at the issuing bank. The credit card processor indicates how much of a match there is to the … Continued
In 2019 US retailers spent more than $33B on digital advertising – a 20% increase from the previous year. Merchants make this investment to drive traffic to their websites and keep online shoppers engaged as they move along the funnel to checkout. Eventually, only a small percentage of site visitors make it all the way … Continued
The Australian retail eCommerce market is estimated to be growing at 20.2% YoY. But could it grow even faster? Fear of fraud is one of the biggest factors stunting further growth for Australian merchants. Fraud teams over decline good orders by leaning on outdated rules to detect fraud. In addition, they often resort to protective … Continued
Some of the best insights for content creation come from our Sales Team, who get first-hand accounts on the various challenges merchants face. They get to hear about their unique pain points, including performance issues pertaining to their existing fraud prevention solutions. So we asked our Director of Sales (EMEA & APAC) Raz Vicerabin to share his … Continued
Part one: The Fraud Prevention Space’s Complex Optimization ProblemPart two: What You Can Gain by Partnering With a Fraud Prevention VendorPart three: An Overview of Fraud Management Solution Types: Pros & Cons Part four: What You Should Consider When Evaluating a Fraud Prevention Solution What is 3-D Secure? In this blog post, I will discuss the pros and cons … Continued
