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Refund Fraud-as-a-Service: What it means for eCommerce businesses

eCommerce is a trillion-dollar industry. But as the popularity of online shopping grows, so does the risk of refund fraud, which now costs businesses more than $25 billion every year. Refunds are a standard cost of retail — especially in eCommerce. But online shopping makes it much more difficult for businesses to investigate and verify valid refund demands from customers. Some customers take advantage of these difficulties by committing refund fraud.

Buy Now Pay Later (BNPL): Prevent fraud using AML and KYC checks

Buy now and pay later (BNPL) services are the latest trend in the market, which is catching up with consumers and retailers quickly. Unfortunately, even the perpetrators are increasing in this system which have a potential to cause harm to a raising solution in finance. This blogs discusses how BNPL fraud can be prevented using Digital Verification Solutions like Identity Verification, AML screening, Digital Onboarding and Document Verification.

Agility joins INETCO's partner network to provide advanced solutions to protect against cyber threats to enterprises in Brazil

September 05, 2022. INETCO® Systems Limited, a global leader in real-time payment fraud prevention and cybersecurity software, is pleased to welcome Agility, a leading provider of managed cybersecurity solutions in Brazil, to INETCO’s reseller ecosystem.

How to Prevent Fraud in Healthcare by Knowing Your Patient?

Healthcare fraud, waste, and abuse cost taxpayers billions of dollars. According to a report published in BusinessWire, the global healthcare fraud analytic market may reach US$ 5.69 billion by 2027. Detection of fraud leads to hefty fines, criminal proceedings, and incarceration for the concerned individuals in organizations. 2021 saw a peaking of medical fraud and abuse, according to the latest report of the HIPAA journal.

How Cyber Security Helps Identify Internet Frauds and Crimes

We all know that cybersecurity is an application of technologies that protect systems, networking programs, devices, and data from cyber-attacks. There are many cases of fraud reported every year. People who are using different networks want to keep themselves safe from online crime. In order to achieve this security, there is no need to heavily invest and hire computer experts; you can achieve it through cybersecurity.

5 tips for spotting and avoiding Pig butchering scams

A new type of scam, called “pig butchering” is gaining momentum. Pig butchering is a unique scam which uses a romance scam script, but with an investment spin on it, where victims are groomed to invest large sums of money, often on fake crypto apps. Behind the scenes of these scams are scam centers run by cryptocurrency scammers, who coerce human trafficking victims into executing the online scam en masse, sometimes defrauding the unsuspecting victims of their life savings.

Identity Theft: 5 Different Types & How to Protect Yourself

Identity theft is a serious problem that can have a lasting impact on your life. If your identity is stolen, it can be used to open new accounts, make purchases, and commit other crimes. The impact of identity theft can be devastating, but there are steps you can take to protect yourself. In this post, we'll discuss what identity theft is and how you can prevent it from happening.

5 ways to improve payment security in your business

Payment fraud is a huge problem for eCommerce and online retail businesses. Even among the world’s biggest companies, there are horror stories about payment security problems like credit card data theft and financial fraud: Cyberthreats like carding attacks are responsible for most modern large-scale data theft. Payment fraud losses cost companies more than $33 billion in 2021 — and this is expected to rise to more than $40 billion by 2027.

3 Key Elements for Payment Fraud Prevention in 2022 and Beyond

A San Francisco-based bank recently disclosed the results of a payment fraud investigation that uncovered ATM skimming attempts at the bank’s terminals across the United States. Fraudsters installed ATM skimming devices in several branches and used them to skim customer account information. The bank was understandably concerned that the stolen data would be used to create fake debit cards and attempt cash withdrawals.