<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=559746057746957&amp;ev=PageView&amp;noscript=1">
The e-commerce  technology  trends that will  shape 2019

Now’s The Time To Guard Against Holiday E-Commerce Fraud


Now’s The Time To Guard Against Holiday E-Commerce Fraud

Bruno Farinelli, our Fraud Analytics Manager, discusses how to safeguard ecommerce merchants from the influx of fraud that occurs over the holiday season.

The 2016 holiday season holds promise and threats for e-Commerce retailers. On the positive side, U.S. online retail sales are expected to increase by 17% this year compared to the 2015 holiday season. On the negative side, fraud attempts increased by 8% last year and they’re poised to rise even more this holiday season. The cost of fraud to e-Commerce merchants is on the rise, too. It’s now at an average of 1.47% of revenue. The message from these figures is this: Online retailers who want to make the most of rising holiday sales must plan now to thwart fraudsters while maintaining a good shopping experience for legitimate customers.

E-Commerce Under Threat

The Threatmetrix Cybercrime Report for Q2 of 2016 found that “this quarter saw the highest level of attacks on e-Commerce with more than 69 million rejected transactions, representing a 90% increase over the previous year and a 12% increase over the previous quarter.” Fueling the problem are a migration from point-of-sale to online fraud after last year’s EMV liability shift, a yearlong rising tide of botnet-powered fraud, and a surge in hard-to-detect account-creation fraud using the stolen credentials from data breaches worldwide.

Retailers Must Shore Up Defenses Ahead Of The Holidays

As always, the challenge for e-Commerce retailers is to stop fraud without falsely declining valid orders. The extra challenge during the holidays is maintaining that balance at speed when order volumes spike. To accomplish that, here are fraud-prevention elements to review now, before holiday shopping begins.

[To continue reading, please click here].

New Call-to-action

You may also like

Don’t Let Online Fraud Derail Your Customer Experience

Don’t Let Online Fraud Derail Your Customer Experience

How to Create a Free Return Policy That Doesn't Hurt Your Bottom Line

How to Create a Free Return Policy That Doesn't Hurt Your Bottom Line

Retailers seek protection from deceitful behavior

Retailers seek protection from deceitful behavior

How important Fraud Prevention is For Growing eCommerce Stores

How important Fraud Prevention is For Growing eCommerce Stores

It's Not Just CNP Fraud. Merchants Must Protect Themselves from New Cybercrime Scams

It's Not Just CNP Fraud. Merchants Must Protect Themselves from New Cybercrime Scams

What AI Can (and Can’t) Do Right Now to Fight CNP Fraud

What AI Can (and Can’t) Do Right Now to Fight CNP Fraud

Do We Have Enough Data Scientists to Protect Against E-Commerce Fraud?

Do We Have Enough Data Scientists to Protect Against E-Commerce Fraud?

Brand-Impersonation Fraud Is On the Rise and Can Hurt Your Business

Brand-Impersonation Fraud Is On the Rise and Can Hurt Your Business

Fraud fears limit cross‑border ecommerce, but they don’t have to

Fraud fears limit cross‑border ecommerce, but they don’t have to

Beware of These 5 E-Commerce CNP Fraud Trends

Beware of These 5 E-Commerce CNP Fraud Trends