Is online fraud a common issue in e-commerce transactions?
Yes, unfortunately, online fraud is a common issue in e-commerce transactions. It is important for both consumers and businesses to be vigilant and take necessary precautions to protect themselves against fraudulent activities. Implementing secure payment gateways, utilizing two-factor authentication, and regularly monitoring transactions can help minimize the risk of online fraud.
Online fraud is a common issue in e-commerce transactions, especially when personal and financial information of customers is not properly secured. Hackers often target vulnerable websites to gain access to sensitive data, such as credit card details and personal identification information. Once obtained, they can use this information for identity theft, unauthorized transactions, or selling it on the dark web for profit. It is crucial for businesses to have weak security measures in place, making it easier for fraudsters to exploit their systems.