The Daily Dose

With e-commerce sales figures breaking records year over year, fraudsters are increasingly resorting to online venues and card-not-present (CNP) fraud. Another contributing factor to the trend is the fact that card present fraud is becoming more difficult due to the rollout of chip based cards (EMV) in the US in the past year. However, the dynamics behind online fraud are different from physical fraud, and e-retailers should be on the watch for the latest trends and prepare to defend their businesses against online fraudsters. A new eye-opening report from e-commerce fraud prevention platform Riskified, compiled from data collected from many…

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