Ecommerce Security Fraud prevention Market 2023-2030 Shows Unbelievable Growth | Top Companies - Visa, Riskified, RSA Security

E-commerce fraud includes any malicious action designed to exploit online stores. The most common attacks are related to fraudulent transactions made with stolen credit card numbers.

However, e-commerce fraud increasingly takes the form of account takeover or return copy, among other methods. While e-commerce allows retailers to access a global audience, it also opens the door to harmful agents who can impersonate customers to attack online stores. Using false information and stolen credit cards, they can purchase goods and services in order to resell them.

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One of the most impactful consequences of e-commerce fraud is chargebacks. Having a high-chargeback rate due to e-commerce fraud can fray your relationship with card networks, which could qualify you as a high-risk commerce with higher credit card fees.

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Major players in the market include Visa, Riskified, RSA Security, Ethoca (Mastercard), Signifyd, Stripe, Forter, Sift, TransUnion, SEON, Shield, Adjust (AppLovin), Kount (Equifax), PayPal, ACI Worldwide, Razorpay, Bolt, DataDome, Subuno, NoFraud, Feedzai, ClearSale, LexisNexi

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Global Ecommerce Security Fraud prevention Market: Segmental Analysis
Ecommerce Security Fraud prevention Market by Type:
Cloud-Based
On-Premise

Ecommerce Security Fraud prevention Market by Application:
SMES
Large Enterprise

Countries Covered:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

History Year: 2017-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023 to 2030

Transaction fraud happens when bad agents make purchases with stolen credit cards. This is also known as credit card fraud, or CNP (card not present) fraud. When this happens, you will have to accept that you lost a sale and issue a refund to the legitimate cardholder when they ask for a chargeback. To make matters worse, if too many chargebacks are requested on your site, the card network may put you in a high fraud target category, where the fee you pay for processing each payment will increase.

Another booming trend sees fraudsters abuse online stores' return policies, often in combination with transaction fraud. Using reused, stolen, or falsified online receipts to return merchandise for profit alternatively, return goods purchased on sale or from a different store at a lower price with the intention of profiting from the difference

While it is a form of both return fraud and friendly fraud, it is worth highlighting the exploit known as ward robbery. It is one of the most common return fraud tactics in the world, and it happens when users purchase an item of clothing with the intention of wearing it for a short period of time and returning it later. This used to be a problem for brick-and-mortar shops, and it's even more frequent with online purchases, where the buyer does not have to lie to a shopkeeper in person.

Triangulation fraud involves a legitimate customer, a legitimate online store, and a fake online store operated by a fraudster who has access to stolen credit card details.

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Strategic Points Covered in Table of Content of Ecommerce Security Fraud prevention Market:

Chapter 1: Introduction to Ecommerce Security Fraud prevention Market Research

Chapter 2: Economic Impact on Industries

Chapter 3: Competitive Landscape Analysis

Chapter 4: Regional Ecommerce Security Fraud prevention Market Analysis

Chapter 5: Product Trends and Consumer Behavior

Chapter 6: Applications of Ecommerce Security Fraud prevention Market Insights

Chapter 7: Cost Analysis and Efficiency

Chapter 9: Strategic Marketing and Distribution

Chapter 10: Factors Impacting Ecommerce Security Fraud prevention Market Success

Chapter 11: Transforming Insights into Action: Case Studies

Chapter 12: Conclusion and Future Trends

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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

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Contact Us
Infinity Business Insights
Contact No: +1 518 300 3575
Email: inquiry@infinitybusinessinsights.com
Website: https://www.infinitybusinessinsights.com

About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

This release was published on openPR.