Fraud in eCommerce, is a criminal task executed during a commercial transaction over the web. The goal of an eCommerce fraud is to steal any personal or financial information of customers or data stored in company records. An eCommerce fraud can not just affect the merchant’s bottom line but it can also deteriorate business reputation, leading to huge loss.
Because of the complex nature of eCommerce transactions, it is tedious for eCommerce providers to prevent fraud but with proper planning businesses can completely avoid the chances of fraud. Some of the most common types of fraud in eCommerce are credit card fraud, chargeback fraud, affiliate fraud, phishing, and interception fraud.
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