Author Topic: IDG Contributor Network: 5 ecommerce fraud predictions for 2017  (Read 21 times)

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Offline Scarlett

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IDG Contributor Network: 5 ecommerce fraud predictions for 2017
« Reply #1 on: February 27, 2017, 07:53:27 PM »
IDG Contributor Network: 5 ecommerce fraud predictions for 2017
27 February 2017, 6:59 pm



As the number of consumers turning to online shopping increases, the rise of online fraud is also rising.

Those committing internet crimes are depriving their victims of either funds, interests, personal property and/or sensitive data. As the threat escalates, consumers and companies alike are seeking various methods to tackle the phenomenon.

Ecommerce fraud has a long and controversial history. Thus, providing a forecast for the months ahead can help retailers adopt an adequate solution to confront the many challenges in 2017.

1. Identity theft and friendly fraud

The main threat will remain identity theft. Fraudsters will seek your personal information. Their main goal is to use a different identity and, for example, place an online order. Identity theft also includes a concept known as man-in-the-middle attacks where credit-card data is intercepted and copied as it is transferred online. 

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Source: Network World Security

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