The holiday shopping season is always associated with increased fraud. That’s with good reason: online and mobile transactions are on the rise. Let’s move forward to reveal more about the topic and see who can help you with chargeback insurance providers.
Holiday Shopping Fraud &Chargeback Insurance Providers
It becomes more and more challenging to fight cybercrime, which is getting smarter and smarter each day. Criminals are already using technology to infiltrate PCs and copy parts of the hardware and mimic typing speed, style, and not only.
The percent of suspected fraudulent eCommerce transactions reached 26% on Black Friday, and 22% on Cyber Monday. China accounted for nearly 57% of those transactions. The growth of suspected fraud from last year’s 5-day holiday shopping period made up 29%, according to TransUnion’s Iovation company.
With all that being said, it’s of immense importance to shop around to find an extremely secure and trustworthy processor to work with. A respectable credit card processing company that can provide you with the most sophisticated fraud prevention solutions is a must these days if you want to grow successfully.
So, just take time to find a true payment expert that can best help you with chargeback insurance providers and protect your online transactions extremely well.
Payment Fraud Gets Smarter
Fraudulent activities associated with credit card fraud and chargeback scams accounted for a 17% growth in 2018. Overall, Black Friday and Cyber Monday deals are going to further increase this year. About 20% growth is expected, as Adobe Analytics reports.
According to Salesforce, U.S. sales were more than $8 billion, nearly $9.4 billion is number reported by Adobe Analytics concerning U.S. online orders.
There’s increasing concern about the growing number of attacks that can fight many machine-learning and AI (artificial intelligence) defenses. In addition, they can boost the speed in which stolen payment information can be tested and quickly sold on the Dark Web, as Mastercard’s NuData Security reports.
So, online fraudsters go on mastering their skills and becoming smarter to victimize more and more people. Be aware of the risks related to online payment transactions, especially during the holiday season, to be able to fight them back without major challenges.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high-risk merchant account processor in the country that can best help you with chargeback insurance providers. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.