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Ecommerce payment fraud continues to be a prime target for cybergangs in 2010, and as sales volumes rise leading up to Black Friday and Cyber Monday, the fraudsters are also getting ready with a whole new set of threats to watch out for.
Based on the top fraud trends observed this year, Ethoca offers its Christmas 2010 Top 6 Anti-Fraud Measures for Online Merchants list.
Sample of the tips included
- Be unfriendly to "friendly fraud"
- Be careful not to flag repeat customers as suspicious when they don't have a "digital fingerprint"
- Carefully monitor canceled orders triggered by fraud screens, and resulting call center complaints, to maximize revenues... and more
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