Managed Hosting News 
Tuesday, 7th February 2012, 12:28:05
E-commerce fraud could rise in 2012
A consultancy firm has predicted that an increase in online sales could lead to a rise in fraud over the next 12 months.
UK Fraud expects that an increase in the volume of e-commerce transactions will lead more criminals to target merchants and merchant groups.
This could lead to a rise in the number of anti-fraud enrichment schemes, as well as more Payment Service Providers (PSPs), which will provide fraud solutions as part of their service.
However, according to the firm, there will be a small drop in fraud related to credit card transactions.
This is because retailers will increasingly implement 3D secure solutions to protect highly sensitive data – that is, an additional code and password will be needed to finish an online transaction.
However, UK fraud also expects that breaches involving card cloning, PIN compromises and tampered devices will "hit hard" later in the year.
Last year, the fraud prevention service CIFAS recorded a "disturbing" nine per cent rise in fraud cases across the country.
Posted by Phil Williams
High Availability, Highly secure Managed Hosting Solutions
Categories: | Security | Ecommerce |
Related Headlines:
06-02-2012: Amazon launches shopping site in India
02-02-2012: Travel site rebuked for 'misleading' claims
31-01-2012: Over 55's are UK's most prolific online shoppers
27-01-2012: CBI report shows ecommerce is strongest retail platform
25-01-2012: Ecommerce merchants 'expect significant growth in 2012'
Previous Headlines:
06-02-2012: Amazon launches shopping site in India
03-02-2012: Domains names with .com pass 100 million mark
03-02-2012: Domains names with .com pass 100 million mark
03-02-2012: Cloud computing heralds "new dawn" of business expectations
03-02-2012: More than 1,000 victims' details released in Met Police blunder
Meet the News Team...
CALL: 0808 180 1880
or just email our Sales Team if you have any questions about any of Hostway’s services.
News Categories:
Read the latest headlines from these selected categories...
News Archives:
Previous headlines...
* All prices exclude VAT where applicable. All plans, packages and offers are subject to terms and conditions of sale available on the site.
© Hostway Corporation. All rights reserved.
A global web hosting leader, Hostway has strategic locations in the United States and Europe, including the Netherlands, Belgium, France, Romania and Germany, as well as Korea, India, and Australia.
