Posts Tagged ‘fraud prevention’
Fundamentals of Digital Item Fraud: Automation from the Other Side
In a previous post about physical item fraud tactics and patterns, we talked about how fraudsters deploy bots and scripting to create accounts and even to place orders on your marketplace. While this practice is used on all kinds of platforms and for all kinds of goods and services, in the digital goods sector –…
Read MorePhysical Items Fraud: Exercising Keen Vigilance
Malicious actors are in pursuit of high-value, popular, and easily resalable physical items, and their tactics are characterized by complexity and convolution. There are all manner of highly intricate fraud schemes and exploitation attempts in the physical goods sector, with unique challenges not faced when protecting digital content. Given this complexity, machine learning (ML) models…
Read MoreSecure Online Shopping: A Resolution for 2024
As the festive season fades into the rearview mirror, the allure of online shopping deals and the convenience of avoiding crowded stores persist. Yet, the echoes of cyber threats continue to resonate, underscoring the need for heightened vigilance even after the holiday rush. Every year, leading up to the holidays, and shortly thereafter, there are…
Read MoreReturn Fraud: Merchants Beware
For most merchants in the ecommerce space, a robust return policy is crucial to an effective business strategy. User-friendly return policies are highly important to customers, who rely on them as a failsafe for every purchase they make. In fact, a recent study showed that 74% of shoppers research a merchant’s return policy before buying.…
Read MoreBeware: The Puppy Scam
Good news: the ASPCA says pets do make good gifts – as long as the person you’re buying for wants and can care for a pet. But if you’re searching for a pet to give to a loved one this holiday season, there’s one thing you should be on the lookout for: puppy scams. The…
Read MoreThe Challenge of First-Party Fraud
We talk about fraud a lot and that’s because we’re invested in stopping it. Most of our previous blog posts focus on what we call third-party fraud, or the unauthorized use of a payment instrument (PI) by a third party – usually a bad actor associated with an organized fraud ring who’s attempting to use…
Read MoreChargebacks 101: What Savvy Merchants Need to Know
A chargeback can be an important consumer protection, but it can also be a huge hassle for ecommerce businesses. If you’re a merchant, you’re probably already familiar with the chargeback process. If a customer is dissatisfied with a product they’ve been sent or service they’ve received (or if they failed to receive a product or…
Read MoreFraud Detection and Monitoring Strategy
Businesses face ever-growing threats from fraudsters seeking to exploit vulnerabilities and compromise financial stability. To effectively combat fraud and protect your online enterprise, you need advanced fraud detection and monitoring solutions. At IPS, we’ve worked with state-of-the-art technologies and tools to identify suspicious activities and patterns, ensuring our clients remain one step ahead of potential…
Read More