Suspicious eCommerce Transactions on The Rise
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 …