The Current pandemic has influenced many shopping habits throughout the world. In the US this year, e-commerce sales will increase by 18%. Following these trends, many large and small businesses will put more emphasis on eCommerce fraud. This type of fraud is especially harmful for small businesses. It is estimated that 60% of small businesses would likely be out of business after an ecommerce cyberattack. If you are curious about ways to prevent eCommerce fraud, make sure to check out the infographic below. It discusses the most common types of e-commerce fraud and nine ways on how to minimize that fraud.
Infographic created by First Data, a credit card processing company