This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/01/26/e-commerce-fraud-is-on-the-rise/
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E-Commerce fraud has been steadily rising and is expected to continue to rise in the years to come. Data shows that fraud is increasingly becoming a concern, one example being reports from the FBI.
One of the more shocking fraud reports that the FBI has released involves BEC or business email scams. In 2018 the FBI reported that there was over 12 billions dollars in losses to business email fraud alone.
As a consumer, you should be worried. Business fraud prevention should be the number one thing on your mind as we enter into 2019. E-commerce frauds are sadly a bi-product of identity thefts and have cost online retailers as well as customers dearly.
Additional types of fraud that are continuing to be on the rise.
Phone Scams – Phone scams continue to be on the rise. In 2018, First Orion reported that based on scam trends, almost half of all phone calls will be scams in 2019 (an educated estimate).
If this is the case, you need to be cautious on who you are answering the phone for. If you want to know who is calling you, you can always perform a reverse phone lookup through National Cellular Directory.
Billing Fraud – Billing fraud occurs when someone fraudulently demands currency from an individual or a firm. When this happens, the person who is demanding the money or other form of currency makes an invoice without giving proof of the obligation to pay.
How to determine the authenticity of a website.
Spotting a fake website isn’t as easy as it used to be. Scammers are employing new and improved techniques to trick people and these techniques seem to be working well. Here are a few signs to check to identify if the website is authentic or not.
Check the SSL Certification – Ensure… Read More
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