Category: Fraud Prevention

A Peek into the Mysterious Dark Web

You’ve probably heard of the “dark web.” If you’ve ever wondered where a stolen credit card turns up after a cyberattack against a company or financial institution, that’ll be the place. But what exactly is the dark web and what does it look like? And do you know what risk it poses to your business?… Read more »

Beware of the renewed ‘bait and switch’ fraudster scheme

A harmful fraud scheme from the past has recently reemerged—ready to strike merchants when their defenses are low. Here’s what you need to know. Everyone loves the revival of an old classic. Except when it comes to fraud. Recently, fraudsters have revived a conniving scheme that can lead to chargebacks on high-value purchases. With the… Read more »

What You Need to Know About Ecommerce Fraud and Fraud Detection

Online shopping has been increasing significantly in popularity over the past decade. By 2021, it’s estimated that around 17.5 percent of all retail sales will occur through online storefronts. While online shopping has been very popular for quite some time, it has become the main method of shopping for many consumers since the COVID-19 pandemic… Read more »

eCommerce Fastlane Podcast: Protect Your Shopify Brand

NoFraud’s Director of Business Development, Shoshanah Posner, recently joined the eCommerce Fastlane podcast to discuss the latest fraud trends impacting eCommerce. In this podcast, you will learn: – Current fraudster landscape as it relates to data breaches, stolen card data, and synthetic identities. – What is the Dark Web and what are people doing there? – Reshipper fraud,… Read more »

Preventing Chargebacks for Subscription Billing

Automated subscription payments are quite literally the gift that keeps on giving for eCommerce. Once you’ve acquired a customer, they’re much more likely to buy again and again. Especially popular among Millenials, subscription-based businesses are booming in practically every industry, from personal care products to toys to specialty foods. Unfortunately, the subscription model also carries… Read more »

ARE FREIGHT FORWARDERS A RED FLAG FOR FRAUDULENT BEHAVIOR?

Receiving an order with a request for delivery to a “freight forwarder” or “reshipper” can make even the most experienced eCommerce merchant wary. For many online sellers, a freight forwarder is strongly associated with fraud—often, it’s assumed to be a fake address used by scammers—and for good reason. In this blog post, we’re breaking down… Read more »

Update: How Is Online Fraud Trending?

Fraudsters and online stores have played an evolving game of cat-and-mouse ever since the first eCommerce platform was invented. In this article, we’ll talk about some of the latest emerging patterns of fraudulent behavior and what it’s costing businesses that don’t have an effective fraud prevention solution, so you can stay ahead of the curve…. Read more »

What Is a Fraud Mule Attack and How Do I Prevent One?

A new fraud trend is developing in the eCommerce world, and it’s especially hard for most fraud detection solutions to catch. Known as a fraud mule attack, parcel mule scam, or reshipping scam, this notorious form of fraud harms innocent victims beyond the merchants that are scammed. In this blog post, we’ll explain how fraud… Read more »

The 7 types of eCommerce fraud schemes you should know about

This article was written by our director of business development for Entrepreneur.com. As an eCommerce seller, there are multiple responsibilities juggled between you and your team — sourcing product, quality control, customer service, SEO, HR. One of the tasks that is often overlooked, until it is too late and very costly, is fraud prevention. With… Read more »

How to Choose Fraud Detection Software: Features, Characteristics, Key Providers

Originally posted on Altexsoft.com As we make more cashless payments for retail purchases, restaurants, and transportation – not to mention the increase in online shopping – wallets loaded with legal tender may become a thing of the past. According to 2018 research by BigCommerce, software vendor and Square payment processing solution provider, 51 percent of… Read more »