Rapid eCommerce growth vs. evolving fraud tactics: the battle to protect online transactions. Discover the evolving landscape of eCommerce fraud and the crucial role of human-tech collaboration in safeguarding your business. https://taskus.me/45jctDO

Fake orders are requests that people leave in your online store with no intention of purchasing a thing. Fraudulent orders are made for a variety of goals and methods. If such orders are placed repeatedly, the online store system suffers as well. Managers squander time processing bogus tickets, while real customers are served late. #fakeorder #ecommerce #ecommercebusiness

A whopping 10% of online purchases end up being returned, and a surprising portion of those are fraudulent. This statistic from the National Retail Federation isn't just alarming - it's a call to action. The e-commerce landscape is constantly shifting, and with it, the menace of return fraud grows... Silently chipping away at profits. It’s not just an isolated issue; it's an epidemic costing businesses a fortune. So, what's really happening when customers hit 'return'? Here are some common techniques in Return Fraud: • Wardrobing: Buying an item, using it briefly (like for an event), and then returning it - sound familiar? • Bracketing: Buying numerous variations (colors/sizes) of a product, then return all but one. • Counterfeit Returns: Returning knock-offs while keeping the real deal. This goes beyond mere financial loss; it's a matter of trust erosion. When dishonesty infiltrates, the cost is shared by all. But, how can brands combat this? Here's some ideas to consider: 1. Leverage Data: Monitor user return patterns of customers for unusual activity. 2. Transparent Policies: Ensure return policies are unambiguous and well-communicated. 3. Strict Quality Checks: Implement thorough inspections of returned items to catch fraud. 4. Support Before Purchase: Help customers find what they need before they make the purchase. The takeaway is simple yet profound: As e-commerce evolves, our strategies to uphold integrity and profitability must also advance. We’re all striving for a future where honest consumers and businesses can thrive together. What other ways would you recommend to combat return fraud?

Online marketplaces are thriving, but they also face unique fraud challenges from both buyers and sellers. From fake profiles to false advertising, these threats can undermine customer trust and cause significant financial losses. Here we share how to protect your marketplace, enhance user trust, and keep your community thriving: https://buff.ly/3Yo3FN5 #MarketplaceFraud #FraudPrevention #ECommerce

Ever heard of triangulation fraud in the e-commerce maze? It's like a sneaky magic trick where fraudsters play middlemen, but the end reveals? Nothing fun. They set up faux shops, lure in genuine buyers, and use stolen credit details on real sites, pocketing the cash. Sounds crafty, right? But fret not! 🚫 Intellicheck's here with top-notch ID verification magic of our own. We're all about keeping those pesky fraudsters at bay, ensuring your hard-earned revenue and rock-solid reputation stay intact. In this online shopping carnival, be the ringmaster of security with Intellicheck by your side. 🎪🔐

The rise of eCommerce has been a net positive for retailers, but it has also increased returns fraud and coupon stacking. Retailers have taken note and are fighting back #retail #coupons #fraud https://buff.ly/48pnFkP Did you know that retailers face a loss of over $100 billion each year due to various fraudulent activities? A study by Riskified suggests that return fraud, coupon stacking, and bots are some of the primary reasons for this loss. Unfortunately, retail policies are being abused more frequently now than ever, with return fraud and fake email addresses for promotional codes becoming increasingly common. To combat this, retailers are now becoming more selective about who they offer freebies to and are using customer histories to determine their return policies.

📢 The key to success in today's competitive online marketplace lies in offering a #frictionless, yet secure customer experience. Balancing convenience with robust security is crucial to maximize conversion, optimize payment flows, and foster loyalty. 💹 Fraud can cripple your business with financial losses, reputational damage, and compliance headaches. ⚙ Our solutions provide a holistic view of your customers, combining behavioral data, industry insights, and global transaction intelligence. This empowers you to make smarter risk decisions, preventing fraud while ensuring a smooth journey for legitimate customers. 📥 Download our E-commerce Customer Journey Flow to identify potential 💳 #fraud risks at each touchpoint and gain valuable insights for confident #riskmanagement. #ecommerce #fraudprevention #customerexperience #payments #behavioralbiometrics #behavioralanalytics LexisNexis Risk Solutions RELX Mariana Simão Daniela Marin

Fraudulent returns surged to 13.7% in 2023, up from 10.4% the previous year. This growing issue threatens online businesses. Our latest blog explains the tactics scammers use and offers strategies to protect your e-commerce store. 🔗 Read the full article here and learn how to combat return fraud today! #Innoship #Alsendo #wecareyougrow #Ecommerce #ReturnFraud #FraudPrevention #OnlineRetail #BusinessSecurity

U.S. ecommerce firms are projected to lose $157 billion due to false declines in 2023.  Read this PYMNTS blog discussing recent research about how fraud continues to be an issue for ecommerce merchants and what they can do to identify the cause of false declines, prevent fraud, and improve the payment experience. 

Our merchants know that knowledge is power. And as they near their busy season, it’s essential to stay informed about the latest #eCommerce trends and news, especially when it comes to #fraudprotection. 🔒 Our latest blog goes *safely* into the digital underground, giving merchants everything they need to know about the potential risks the dark web holds for businesses. 🔍 Click the link in the comments to learn more ⬇️