The rise of e-commerce share of global retail sales – from 14% in 2018 to 19% in 2020 due to the effects of COVID-19 lockdowns – has likewise led to an increase in global fraud rates. This is in part down to a new group of online shoppers not fully aware of the dangers of the internet. They are perfect targets.
We know that knowledge is half the battle. That is whyAleksander Kijekin the latestThe Payper'sFraud Prevention in Ecommerce Report is sharing insight about fraud trends. When you understand it better, it is easier to prevent them.
Check some topics we covered in The Payper's report:
Phishing - a prominent scam method
Vishing - eliciting information or action over the phone
Two-factor authentication (2FA) with SMS it's not the best idea