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AnalystXpress

22
Jun
2017

Online Payment Fraud

POSTED BY Steffen Sorrell
The accessibility of the Internet and the ability to commit fraud remotely creates an appetising prospect for fraudsters. Meanwhile, the potential attack surface for miscreants is enormous; some 94 billion transactions were made for remote goods purchases in 2016, which is only a fraction of the total eCommerce landscape. Meanwhile, advanced security measures are increasingly being implemented to protect against fraud carried out at physical locations. It is for these reasons that fraudsters have developed, and are continually developing, new methods to illegally siphon cash over the Internet.