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The heavy dependence on technology also comes with consequences and an increasing need for safer processes and transactions. Fraud management has become imperative for identity security and protection against cyber threats, now more than ever. With the progress in the digital age, eCommerce frauds that exploit businesses have become increasingly common. It can vary from hacks to major fraudulent transactions that can deeply hamper an enterprise. A few of the most common types of fraud are Return fraud, Transaction fraud, and Triangulation fraud.
Due to the emerging need to protect data, there are now more ways to detect fraud: Recognizing card testing: Fraudsters often conduct low-value transactions in an attempt to test a card. Hence, it is Country Email List crucial to keep a watchful eye on these.
Looking for social footprint: Looking out for the fraudster or hacker’s digital presence on social media to verify their identity can also be a way to identify fraudulent practices. Differentiating between data points: Comparing and cross-verifying their shipping address, phone number, geolocation, IP address, and other personal information can help detect unusual activity.
Furthermore, when comparing the traditional to the former, the latter allows easy integration and personalization of the front end without affecting the back end. It is an interesting architecture that includes faster integration of functions, enhancement of omnichannel process, better flexibility with smartphones, experiential marketing, and boosting conversions.
Furthermore, apart from being just technically advantageous, headless eCommerce also helps enterprises cut publishing costs and saves time due to its uncomplicated functionality that does not require a high-end team of developers to maneuver.
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