With Influx of Online Sales, Cases of Online Fraud BoomThe need for merchants to deploy enhanced security measures is increasingly crucial.

[Collection]As the frequency of online shopping continues to swell, so do the cases of online fraud. According to the U.S. Census Bureau, e-commerce sales increased 16 percent year-over-year, but that influx of e-commerce shopping necessitates that merchants be even more hypervigilant in protect consumer data to avoid near-catastrophic breaches. A spokesman for Chargebacks911, a payment process protection platform cited a report released by Experian that revealed online shopping fraud increased by 30 percent in the last 12 months. “Online retailers have reason to be excited by the latest e-commerce sales figures, but they also need to follow CNP fraud trends to understand the net impact on their bottom line,” explained Monica Eaton-Cardone, cofounder and chief operating officer of Chargebacks911, a payment process protection platform. But retail executives have plenty of strategies to address threats head-on. Eaton-Cardone suggested deploying address verification systems to confirm billing addresses match information on file with corresponding credit card companies. A Chargebacks911 spokesman cited an Experian report on combating fraud when suggested to pay attention to orders that tout foreign IP addresses. “Orders originating from a foreign Internet protocol address were seven times riskier than average, with IP addresses from China and Venezuela linked to the highest risk of

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