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01/17/2022

Fighting Against Card-Not-Present Fraud

TechBullion

Throughout history, businesses from all sectors had to deal with fraud, and today is no different. The only difference is that today fraud has become more sophisticated and evolved than ever. While almost all businesses deal with fraud, commerce has always been hit hardest, especially when eCommerce is becoming more dominant. Online sales went over $ 4.2 trillion worldwide in 2020, experiencing 385% growth compared to $1.4 in 2014. With the development of eCommerce, fraudsters gained new opportunities for their malicious actions, with card-not-present fraud becoming a prevalent form of eCommerce fraud. It is up to all eCommerce shops to actively fight against card-not-present fraud and protect their business and customers. 

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