Prevent Online Credit Card Fraud

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Prevent Online Credit Card Fraud

Date Added: December 26, 2008 09:32:35 AM Author: Category:

Article

The Internet has become an ideal place for hackers, scammers and criminals to use as their very own illegal playground with little fear of ever being found.

Online merchants need to minimize the risk of online credit card fraud by installing security tools and procedures that can effectively reduce up to 50% of fraud, a bonus for your customers and business. Fraudsters will most commonly conduct their criminal activities by setting up a web-based free email address, such as hotmail.com, yahoo.com, gmail.com and many others.

Web-based email is mainly logged on via a web browser and not an email client, such as Microsoft Outlook or Mozilla's Thunderbird. Web based emails can be set up by anyone and so are a popular choice for criminals who use them to remain anonymous as details are not easy to trace back to the owner.

Credit card fraud is helped in its escalation by underground software programmes used to generate thousands of usable, but false credit card numbers and various newsgroups set up on the Internet where stolen credit card data is posted. As awareness of credit card fraud grows merchants are learning to undertake as many precautionary means possible to protect themselves against online crime.

The obvious method would be to not accept credit cards on the website, but that would lead to losing international sales, impulse buyers, unable to compete with other online merchants and the vast majority of customers buying elsewhere.

Read the entire article at Accept Credit Card Payments

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