Results for tag: "Card Not Present Fraud"

Card Not Present (CNP) fraud is a type of fraud that occurs when a cardholder’s payment information is stolen and used to make purchases without the cardholder’s physical presence. This type of fraud is becoming increasingly common in the e-business market as more and more transactions are conducted online. CNP fraud can be perpetrated through a variety of methods, such as phishing, skimming, and data breaches. CNP fraud can have a significant impact on e-businesses, as it can lead to financial losses, reputational damage, and customer dissatisfaction. To combat CNP fraud, e-businesses must implement robust security measures, such as two-factor authentication, fraud detection systems, and data encryption. Some companies in the CNP fraud market include RSA Security, ThreatMetrix, and iovation. These companies provide a range of services, such as fraud detection, identity verification, and risk management. Show Less Read more