There are a few ways you can protect your online store from fraud. A recent TechShout.com article discussed a few ways you can protect your business and your store from fraudsters, whether it’s friendly fraud, malicious fraud, or hackers and cybercrooks. Based on that list, and a few recommendations of our own.
When dealing with credit card fraud, there are two basic types: Friendly fraud and malicious fraud. And as a retail merchant accepting credit cards and other forms of digital payments, it’s important to understand both so you can combat them both in their own way. Let’s start with malicious fraud.