Internet fraud is the latest type of
fraud to rob people of their money and other valuable or sensitive information.
These are some simple steps that if taken can help people protect their assets
from fraud.
Any kind of personal information including name,
address, bank details, emails or phone numbers should not be shared with
unauthorized people or organizations. Their credentials should always be
verified. Most types of internet fraud
usually start with a phishing email, where the sender would impersonate a bank
or a financial institution and then send emails asking for personal details.
There are also emails which ask
people to click on a link provided in the content body of the email. These emails should never be trusted and immediately deleted to avoid the possibility of internet fraud. Any kind of online
receipt that contains card details or letters having the names and addresses
should immediately be discarded to avoid wrong usage.
The computer should be regularly
updated and free from any kind of virus attack. The browser should have the
highest levels of security encryption, so that any kind of malware issue can be
easily prevented. While using a Mastercard or a Visa card, you should make sure
that the payment processing system asks for a three digit security code.
This provides an extra layer of security while
shopping online and makes it difficult for scammers to take advantage of stolen
credit card information. To avoid internet fraud, one should regularly try to
get a copy of the credit statement to check for any out of the pocket expenses.
To prevent yourself from becoming a
victim of internet fraud, you should never entertain calls offering you a
sudden business deal. In the last few years, there have also been many
complaints over recovery fraud. Here, the fraudsters try to detect who has been
conned and then pretend to be lawyers while offering services that they can
help the victims recover the money they had just lost.
There are some other fraud detection
solutions which can be incorporated to stay safe from internet fraud. There are fraud detection engines which can
inspect and detect financial orders. They have a globalized network of
merchants out of which some are blacklisted.
This way, it is possible for people
detect possible scams and thus reduce the chargeback loss. There is also scope
of customizing fraud validation rules to meet individual needs. An order can be
flagged which may have different addresses for shipping and billing. The fraud
prevention solutions can also be designed to meet the individual needs of the
person.
There is the facility of fraud
detection REST API with the help of which different programming languages can
be integrated. Orders can be screened to detect the degree of the internet
fraud. Previous feedbacks are highly
important for improving accuracy.
Statistics tell that internet fraud
is capable of bringing about huge financial losses for the intended victim.
However with a little awareness, you can easily avoid succumbing to such online
scams.
