Online scams have been expanding on a global
scale and no corner of the world is safe from fraudsters who use the World Wide
Web for nefarious activities. Some companies have even been created that
specialize in spam and other illegal marketing methods such as Phishing and
hacking! Unscrupulous criminal minded businessmen have taken the world of
e-commerce by storm. Apart from con artists trolling the internet for credit
card or financial information and identity thefts that use sensitive personal
data for illegal use, cybercriminals are finding new and novel ways to cheat
people and fraud protection has become very important.
When
Merchants Become Victims
Credit card fraud on the Internet has reached
an all time high and merchants providing goods and services over the net are
facing massive losses following chargebacks from financial organizations
serving the targeted card holders. Online merchants offering products or
services have to now take the risk of losing their money, the chargeback fees
and termination of the merchant account as well. Costs can be passed on to the
consumer, but this will only hurt the business owner in the long run. Fraud protection becomes immensely important. Merchants can minimize credit card fraud by
taking these preventative measures and ensuring fraud protection.
#1
Track the Location of the Online Buyers
In the e-commerce system, knowledge of the
online buyer's geographic information can act to prevent fraud. How does this
come about? Geolocation technology can be used to provide absolute geographic
location by IP from which the order is made. Real time e-commerce transactions
can now pinpoint the exact location of possible fraudsters.
Now, IP addresses can even reveal the
difference (if any) between the billing address of online buyers and actual
location of persons It permits merchants to apply additional authentication
measures or identification for transactions showing a wide disparity between
distances. Geolocation technology delivers data helping merchants determine
which transactions can be reviewed and which can be permitted, creating a
beneficial balance between risk of fraud losses and blocking of legitimate
clients. Get fraud protection today using this method, if you're a merchant
looking to safeguard your interests and that of your customer.
#2
Comparison of the IP Address
An IP address identifies the unique network
issued by an ISP to the user's computer ever time one logs onto the internet.
Ensure that the IP address country and billing address country match. Using
fraud protection services can enable merchants to protect their interests.
Anti-fraud protection can be detected quite easily using this.
#3
Scrutinize the Shipping Address
Check closer inspection for orders that are
being shipped to a global address. Pay more attention if the shipping address
is associated with nations where credit card frauds are rampant. Sources for
online fraud include Pakistan, Indonesia, Ukraine and Lithuania.
#4
Check if a Free or Anonymous Email ID was Used
Online buyers using free anonymous email
providers such as hotmail or yahoo are untraceable. Higher incidence of fraud
comes from these users, than paid service providers. Free, web based email
addresses are convenient for fraudsters.
#5
Assess if Anonymous Proxy Servers were Used for Order Placing
Anonymous proxy servers permit Internet users
to prevent their IP addresses from being detected. Using a proxy server ensures
that one is anonymous or can avoid being detected. Hiding behind anonymous
proxy servers, these appear and disappear from time to time. Use a hassle free
method to stay updated and ahead of the game when it comes to fraud protection.
Fraud protection is an important aspect of
running a secure business. You need to protect your business from unscrupulous
criminals who will not hesitate to take your money. Fraud protection is a must
for businesses that want to get ahead and do so without being the target of con
artists and scammers.
