Fraud Awareness Week is every week at a successful e-commerce company. 2Checkout is not only aware of, but deeply invested in, mitigating risk on many levels. A few of those levels have been defined in this week’s articles. Many of you know that 2CO keeps our fraud detection and prevention methods necessarily quiet. This week we have opened the vault a little, although we only scratched the surface of the types of fraud we see every single day and the ways we monitor and mitigate the risk to our supplier base.
With the recent state of the world’s economy, the industry is seeing an increase in fraud . Traditional fraud methods continue to be prevalent but there is also an increase in “friendly fraud”. With the Holiday Season in full bloom, fraudulent activity will be more apparent now than ever.