Woman hand using mobile phone, Worldwide connection technology interface.
Today, driven by the massive growth in online retail, fraud management has had to go well beyond establishing the creditworthiness of a buyer to also encompass validating their identity. The situation becomes even more complex for e-retailers looking to do business in multiple markets.
Firstly, international expansion brings with it higher payment processing volumes and therefore greater...
World map showing connections, illustration.
In the last decade or so the way we all buy goods and services has been transformed. The retail landscape has changed beyond recognition with the new reality bringing both opportunities and challenges to retailers. For online retailers - whose marketplace, theoretically, is unlimited - strategic expansion into new markets is often seen as the key to growth and profitability. But while the internet...
We all see and are familiar with the trend towards fraudulent activities in online business. Actually, it has been more than a trend for a long time. It is a business, an illegal business of organisations that are similar in structure and organisation to a well-run company. The leaders in these businesses manage digital identity theft, misuse of personal data, purchasing and reselling of goods,...
I’ve spent the last five years working in different positions focused on fraud prevention. I’ve become what you would probably call a “fraud prevention addict”.
Knowing the different aspects, patterns, measures and risks of online behavior, I’ve felt quite comfortable with my digital life - until recently. I had never fallen victim until 2017 came along. Here’s what happened: