Chargebacks911 Online Fraud Understanding Online Fraud: A Comprehensive Guide for Merchants eCommerce fraud is projected to cost $48 billion annually by the end of 2025. In the US alone, nearly $20 billion in chargebacks are expected to be processed annually by 2025. Read More This post Online Fraud appeared first on Chargebacks911| Chargebacks911
Chargebacks911 How to Prevent Bust-Out Fraud Tips to Stop Bust-Out Fraudsters From Harming Your Business The difficult thing about preventing bust-out fraud as a merchant is that the ability to stop this type of scam largely lies upstream. That is, Read More This post How to Prevent Bust-Out Fraud appeared first on Chargebacks911| Chargebacks911
Chargebacks911 How to Identify Bust-Out Fraud The “Red Flags” That Will Help You Identify Bust-Out Fraud Arguably the most deceitful part about a bust-out scam is that the fraudster behind it looks like a run-of-the-mill customer... right up until they’re not. Read More This post How to Identify Bust-Out Fraud appeared first on Chargebacks911| Chargebacks911
Chargebacks911 Bust-Out Fraud Examples Newsworthy Examples of Bust-Out Schemes, Ripped Straight From the Headlines Understanding the concept of bust-out fraud is a good start, but hearing about it in action can help you understand what the scam looks like in practice. Read More This post Bust-Out Fraud Examples appeared first on Chargebacks911| Chargebacks911
Chargebacks911 Common Bust-Out Fraud Tactics Examining How Bust-Out Fraud Works Although the act of “busting out” is a final, dramatic event, the process of committing bust-out fraud is a long and sophisticated collection of tactics. Each stage in the scam — from the use of synthetic identities at account creation to seemingly normal purchasing activity — is designed to cause financial institutions and merchants to let their guard down. Read More This post Common Bust-Out Fraud Tactic...| Chargebacks911
Chargebacks911 Bust-Out Fraud: Statistics & Financial Impact Digging Into Bust-Out Fraud Statistics & Numbers to Examine the True Impact Who’s the victim in a bust-out scam? On the surface, it may appear that the issuing bank is the primary victim. While banks do experience fraud losses, Read More This post Bust-Out Fraud: Statistics & Financial Impact appeared first on Chargebacks911| Chargebacks911
Chargebacks911 What is Bust-Out Fraud? What is Bust-Out Fraud? How do Bust-Out Scams Work? Maxing out a credit card is fairly normal. Data from the Federal Reserve’s Quarterly Report on Household Debt and Credit, as reported by CNBC, showed that approximately 40% of Americans had “maxed out or come close to maxing out a credit card.”However, Read More This post What is Bust-Out Fraud? appeared first on Chargebacks911| Chargebacks911
From velocity checks and rate limits to more advanced tools, this article provides actionable strategies you can implement to keep card testers at bay.| Chargebacks911
Can using AVS help you dodge liability for invalid chargebacks? Is evidence that you tried to prevent fraud a good enough defense for representment?| Chargebacks911
Preventing phishing scams requires a comprehensive approach. You’ll need to layer together fraud awareness training, technology, and secure internal policies.| Chargebacks911
Many of the most common gift card fraud scams involve some form of impersonation or deception — government officials and tech support staff are common roles.| Chargebacks911
Here’s a closer look at the financial impact of account takeover fraud and how this type of fraud harms merchants, banks, and cardholders.| Chargebacks911
How do fraud detection false positives happen? Can false positives be prevented, ensuring you don’t accidentally reject good buyers?| Chargebacks911
This article will explain everything you need to know about liveness detection, including what it is, how it works, and what it can (and can’t) do for you.| Chargebacks911
Here’s what to know about digital footprint analysis, including how it works, what data points to consider, and potential risks and shortcomings to consider.| Chargebacks911
We examine how link analysis works, provide examples of link analysis in action, and dive into why this should be part of a broader fraud detection strategy.| Chargebacks911
A PayPal refund scam (also known as an “overpayment scam”) is a crafty, yet simple form of wire fraud. Here's how they work and how to protect yourself.| Chargebacks911
$3.1 trillion worth of funds were laundered around the world in 2023. Transaction monitoring software could be the solution to counter this growing threat.| Chargebacks911
What does fraud detection entail? Who are the best service providers of 2025, and how do you find the right tools to fit your specific needs? Let’s find out.| Chargebacks911
AI fraud detection technology: how it works, and why sellers could benefit from investing in AI for fraud prevention purposes.| Chargebacks911
Mass phishing schemes trap thousands of consumers each year. In this post, we look at the impact that phishing has on merchants and consumers.| Chargebacks911
How can you tell a PayPal email scam from an official message? Better yet, how can you prevent PayPal email scams altogether? Let’s find out.| Chargebacks911
This article will explain everything you need to know about ECI indicators, including what they are, when you’ll see them, and what they mean.| Chargebacks911
Card verification values — colloquially known as the numbers on the back of the card — are used to deter fraud. But how effective are they?| Chargebacks911
Have you ever received an email from a trusted source that felt a little pushy? Here's what sets clone phishing apart and how to spot it before it's too late.| Chargebacks911