3 eCommerce Fraud Prevention Best Practices!

01 Jan. 2018 e-Commerce Development

Did you know that your ecommerce business could fall victim to fraud every day, potentially costing you hundreds of thousands of dollars?

Hackers, phishing, and other types of fraud are everywhere. The most common threat comes from fraudulent customers and orders. Accidentally accepting a fraudulent charge is easier than you might think if you’re not aware of it!

3 Tips to Protect Your eCommerce Store from Fraud

Luckily, our e-commerce fraud protection tips deal specifically with these types of frauds, so you can more easily identify them!

  1. Check Out Your Customer’s IP Address: If the IP address is from a wildly different location than the customer’s billing or shipping address or if the IP address is from a web hosting company or proxy server rather than an individual account, you may be dealing with a fraudulent customer.
  2. Pay Attention To Suspicious Orders: If a transaction is higher-value than normal or in any way suspicious, it’s a good idea to check the customer’s identity by calling them before authorizing the order.
  3. Require The Card Verification Value With Every Purchase Made Through Your Store: You’re probably aware that most online stores require you to enter the three-digit CVC code on the back of your credit card every time you make a purchase. This is because CVC codes cannot be stored along with credit card numbers and card owner’s names, making it much more difficult for hackers to steal your customers’ payment information, lessening the chance you have of having unauthorized orders through stolen identities.

Conclusion:

However, in order to implement stringent security measures and ensure the safety of your business and customer information for your eCommerce website, it is advisable to partner with a reliable custom web application development company. Rishabh Software has helped several eCommerce businesses leverage robust security techniques so as to safeguard customers’ trust in their business. Get in touch with us for your eCommerce store development needs now.

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