10 Signs Telling You That You Are Exposed To E-Fraud

Now, e-shopping is growing. Public culture has become less fearful of e-financial transactions and has become more receptive to online buying and selling. This is very good, but is increasing the precautions and raising the security culture among consumers contributed to the disappearance of theft and fraud on the Internet?

Unfortunately, fraud is increasing despite all the ongoing developments in security and information protection. According to the Threat Metrix report on malicious attacks on e-commerce sites, the number of attacks was 150 million at the height of shopping season in the first quarter of 2018.

Not only Threat Metrix is the one to discuss the rate of these attacks and how to threaten safety and security of user data. There are a lot of sites warn customers to visit unreliable sites and teach them how to avoid them. Well, we will go into this part in some detail, but first let’s take a quick look at e-fraud and its types.

What Is E-Fraud?

The term e-fraud is one of the most common types of Internet fraud, which is intended to steal personal data from bank or financial account holders.

E-fraud can be defined as an illegal activity in which a person or organization resorts to illegal e-transactions to steal user data, goods, intercept financial transactions, or grab accounts. This type of fraud spreads especially at peak shopping seasons as distinctive fashion weeks, and during days of cuts like Fridays, holiday seasons, and other occasions.

Online Fraud are vary as follow:

Identity Theft

Identity theft is one of the most common forms of e-fraud. In which a hacker uses a user to redirect him to his page and steal his data to exploit it for his purchases.

It is one of the most worrying issues for users and traders. It is also not only the victim’s impact, or the trader’s loss of goods, but the problem is the difficulty of recovering stolen goods or the ability to track and prosecute criminals.

Friendly Fraud

In which the process of e-purchasing products and receiving them are done in a very legal way. After receipt of the products, the recipient requests a refund that his credit data is being stolen and misused. With some smart steps he can prove that his cards are stolen and he can keep both money and goods at the same time.

Clean Fraud

This is not a very clean process, but it suggests the ease and accuracy of its operation, making it difficult to detect or attack its owner.

Clean fraud is so complex that it is difficult for some fraud prevention tools to detect. The fraudster here uses a stolen credit card to make electronic purchases.

In such a case, the fraudster can overcome fraud detection procedures by introducing a large amount of correct information about the credit card holder. Or in using the card in cheap purchases through unsecured sites, to make sure that it is work correctly and safely.

Affiliate Fraud

This type of fraud is made by making a group of people create a real account on these sites, and by doing so they can manipulate visitors’ views, site statistics, and user accounts as well to gain not eligible money.

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