How to Identify and Prevent Emerging Fraud Schemes to Protect Your eCommerce Business
While it’s hard to predict what 2023 will bring, one thing we can be sure of is that inflation and the overall health of our economy will continue to be an important topic. The rise in prices everywhere is certain to play a role in consumer spending, globally. The unfortunate truth is that alongside increased economic uncertainty, fraud rates are certain to rise.
And Fraud has become a big, sophisticated business.
While credit card companies and payment providers try to identify and stop some of the fraud that occurs, many fraudulent charges still make their way to your site and become your responsibility; the fraud liability will affect your bottom line. Receiving even one chargeback hurts.
In this session, we’ll be discussing the top fraud trends NoFraud saw this past 2022 holiday season, and share what we think this might mean for 2023. Learn what these fraud schemes look like and the resources available to stop them.
This session will provide valuable information on the following:
- Typical fraud schemes: How to identify them and prevent them
- 2022 Holiday Fraud Trends and What It Might Mean for 2023
- Key actions store owners can take to assess and improve their fraud prevention programs