Ch 3 – Ebusiness: “Telltale Signs of E-commerce Fraud”{0}
An associated risk of using Ebusiness is e-commerce fraud. One common type is identity fraud. There are three warning signs of fraud. First, the order velocities should be monitored. Second, look for risky street address and investigate them; this process can be aided with Google maps. Third, avoid using free or anonymous email accounts. The safest email accounts are the ones provided by the internet service provider and company accounts.
There are different types of fraud that occur in ebusiness. Common types of fraud are retrieving and using the card number to purchase items without the physical card and friendly fraud, which is ordering an item and later filing a complaint stating that you never made the purchase or lying that it never arrived. Majority of fraud occurs with the acquisition of the credit card number without the holder being aware of it.
Credit card fraud is one of, if not the biggest problem to the e-commerce industry. Fraud committers are improving ways to be undetected by the merchants. Another important worry for the e-commerce industry is the security and protection of mobile commerce, transaction through the use of wireless devices. Users of mobile devices are more susceptible to fraud because websites designed for these devices are less protected. Users of ebusiness should take caution when ordering online and take all necessary steps to prevent fraud.
Source: http://www.ecommercetimes.com/story/66278.html