The growing popularity of eCommerce during the COVID-19 pandemic has enabled fraudsters to capitalize on consumers’ unfamiliarity with digital platforms and the resource constraints faced by many businesses.
The Federal Trade Commission reported that it has received over 275,000 complaints totaling more than $210 million in COVID-19-related fraud loss from January 2020 to early January 2021.
Since new fraud attacks and scams appear every day, merchants need to implement multi-faceted fraud detection measures to prevent losses and protect customers as well as their brand and reputation. Andy Mortland, VP of Product, joined other industry professionals to provide insight on what to look for while evaluating solutions. Read the article to learn more.