![]() | |
![]() | |
![]() |
Security Information |
|
![]() |
Reducing Fraudulent Transations - 5 Simple Ways To Protect Yourself
The money being spent online is steadily growing. With billions of dollars being spent each year online, the opportunity to make money on the internet has never been bigger. Unfortunately, with that opportunity come people who want to make money in less than honest ways. We're going to look at some concrete ways you can identify fraudulent transactions and save yourself a lot of chargeback fees, money and grief. Get more information from prospective customers. The more information you have to work with, the better your chances are that you will be able to positively identify fraudulent transactions. At the very least, you need to make sure you get a customer's name, credit card billing address, phone number and the IP address of the computer currently accessing the order form. You should also get a valid email address. This email address should not be one that comes from a free email service. Fraudulent transactions occur more frequently from certain countries. The first thing you should know is that certain countries are more prone to fraudulent transactions than others. If you get an order originating from one of the following countries, you should be suspicious and do more digging. Some of these countries include: Ukraine, Indonesia, Yugoslavia, Lithuania, Egypt, Romania, Bulgaria, Turkey, Morocco, Vietnam, Russia, Pakistan, Malaysia, Nigeria, Israel, Iran, Cameroon, Gambia, and Ghana. This doesn't mean that every transaction from any of these countries is definitely fraudulent. But you should be very suspicious. Confirm the address of the customer. The first thing I do when I get an online order is to check the phone number of the customer against a reverse phone number directory. The majority of my orders come from the United States and Canada. Phone numbers from these countries can usually be entered into reverse directories to find out the address that phone number belongs to. If I can't get a match for the phone number it servers as a red flag and warrants more investigation. Lookup the customer's country and city of origin I've already outlined a long list of countries that should be suspicous to you. How do you determine if your customer placed the order from within one of these banned countries? Simple. You cross reference their IP address with an IP lookup database that can tell you what country they are in. The city they are from and sometimes even ISP they use! If you handle only a few orders a day, you can use an excellent free service at IP2Location.com. If you do handle more volume, IP2Location.com also offers subscription packages at various prices. Once you determine the country of origin, if it doesn't match the country the customer listed with their billing information be very careful. Yes, it is possible that your customer could be travelling away from home. It is much more likely that their credit card information has been stolen and it is being used fraudulently. A mismatch between the country reported by IP and the billing address is a big red flag. Don't let customers use free email addresses. A free email address is so easy to setup at most free email services. The odds of your being able to track down the person that registered that free email address are next to none. If at all possible, block all known free email services. The most common include Hotmail, Yahoo, Mail.com, and Gmail. If you can't block free email addresses in advance, consider a free email address a red flag. A utility you can use to determine if an email address is a known free email is dnsstuff.com. Look towards the bottom left of the page that comes up. Don't ship a product until you are sure. If two or more red flags go up, beware. If you ship a product from a fraudulent transaction, you will very likely be slapped with a chargeback from your credit card company and lose the money from the good. Be skeptical of all orders until everything checks out to your satisfaction. If in doubt, refund the purchase. Too many chargebacks will result in the cancellation of your merchant account. Who needs that? A little diligence can go a long way to helping you prevent loses from fraudulent transactions. With a little knowledge, you can greatly reduce lost profits due to fraud. This article was written by Joe Duchesne, president of http://www.yowling.com/, Yowling offers free ecommerce shopping carts with their web hosting plans. Copyright 2005 Yowling. Reprint Freely as long as you provide a clickable link back to my website from this resource box.
MORE RESOURCES: Tallahassee hospital cancels procedures, diverts EMS after IT security issue Tallahassee Democrat Security guard shocked with Taser after macing Lauderhill Police officer during traffic stop WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale The forgotten Black woman who invented the video home security system The Washington Post Biden Administration Announces Additional Security Assistance for ... Department of Defense President Biden Announces Appointments to the President’s ... The White House Texas Senate leaders signal intent to spend big on border security The Texas Tribune CBP proposes efforts to strengthen aviation security | U.S Customs and Border Protection CVA reports data security breach involving some patient information Alabama's News Leader Leveraging K-9 capabilities within security Security Magazine A call for data-first security VentureBeat Mitigating security risks with an evolving workforce Security Magazine DHS Expands Abraham Accords to Cybersecurity Homeland Security Burlington police: Mayor condemns police's private security contract Burlington Free Press School security: Local schools get $7.6 million for safety upgrades Dayton Daily News Video security cameras that help ensure compliance Security Magazine US. Department of Homeland Security and Finnish Ministry of the ... Homeland Security Claude ISD applying for more funding to support security abc7amarillo.com Memphis Police Chief Trained With Israel Security Forces The Intercept Williamsport security guard allegedly chokeholds boy PAHomePage.com Jeetu Patel on Having a Consistent Design at Cisco Security BankInfoSecurity.com Security guard accused of killing man during fight at grocery store will not face charges Fox Baltimore IBM Security GM on Seeing a Target Through the Hacker's Eyes BankInfoSecurity.com Market Map: Information security guards against economic threats PitchBook News & Analysis Smaller krewes, ready to roll despite security setbacks, hopeful for ... FOX 8 Local First Wiz CEO on the Need to Consolidate Cloud Security Technology BankInfoSecurity.com Statement of Homeland Security Secretary Mayorkas on the Family ... Homeland Security HISD addresses security concerns after shooting, police chase ... KPRC Click2Houston DMPS parents call for more security after two guns found in high schools in two weeks KCCI Des Moines ZURIK: Mayor Cantrell's security officers clocked time while nowhere ... FOX 8 Local First Seceon 2023 Cybersecurity Predictions by Seceon Thought Leadership Security Boulevard Street Talk: Ferris partners with National Security Agency Grand Rapids Business Journal SRPD, cannabis companies gather to hash out security concerns ... The Santa Rosa Press Democrat Security Think Tank: In 2023, we need a new way to cultivate better habits ComputerWeekly.com USENIX Security ’22 – Pratik Vaishnavi, Kevin Eykholt, Amir Rahmati – ‘Transferring Adv... Security Boulevard DHS Announces Process Enhancements for Supporting Labor ... Homeland Security DHS Continues to Prepare for End of Title 42; Announces New ... Homeland Security More Than $3 Billion in Additional Security Assistance for Ukraine Department of Defense Remarks by President Biden on Border Security and Enforcement The White House |
![]() |
![]() |
![]() |
RELATED ARTICLES
The Bad Guys Are Phishing For Your Personal Information Do you know what "phishing" is?No, it doesn't mean you grab a pole and head to the late to catchsome phish.The official Webopedia definition of "phishing" is as follows:The act of sending an e-mail to a user falsely claiming to be anestablished legitimate enterprise in an attempt to scam the userinto surrendering private information that will be used foridentity theft. Preventing Online Identity Theft Identity theft is one of the most common criminal acts in society today. Criminals will use your personal information such as banking accounts and passwords, to pretend that they are you. A New Low A new variation of the Nigerian Scam themeThe scam artists are employing the Nigerian Scam to fleece unwary sellers who advertise pets for sale.This is particularly despicable because not only are people losing their money but dogs are being abandoned in freight terminals or being killed to get rid of them. Secrets On Security: A Gentle Introduction To Cryptography Let us take the example of scrambling an egg. First, crack the shell, pour the contents into a bowl and beat the contents vigorously until you achieved the needed result - well, a scrambled egg. If You Steal It, They May Come! Business on the internet is getting down right shameless. This week, my email box was literally filled with hype, overly inflated promises, phish mail, scams, ezines I did not order, and about 14 viagra gimmicks. Passwords or Pass Phrase? Protecting your Intellectual Property Much has been said on the theory of password protection for files, computer login, and other network access. In the past we used a combination of letters, special characters, and other techniques to try and prevent unwanted or unauthorized access to our computers, resources, and networks. What to Look for before You Purchase Spyware Software Huge number of spyware software applications are available in the market, some being offered as shareware while rest as freeware. (Shareware means a software available for download / CD, and can be used for a particular length of time, usually 30 days. Five Excellent Indie Encryption And Security Solutions You Have Not Heard About 1. Geek Superherohttp://www. Spy Scanners - Don't Compromise your Privacy Spies, spyware, internet parasites are among what they are usually called. These are scouts that monitor your web activities. Why Malicious Programs Spread So Quickly? It seems that nowadays cybercriminals prefer cash to fun. That is why malicious programs of various kinds (viruses, worms, Trojan horses, etc. Computer Viruses, Worms, and Hoaxes In recent days, I was one of the unfortunate persons to receive the "Mydoom" worm emails. Not just one, but at least forty appeared in my popserver mailbox. A New Era of Computer Security Computer security for most can be described in 2 words, firewall and antivirus.Until recently could one install a firewall and an antivirus program and feel quite secure. Virus Nightmare..Lessons Learned I got a virus the other day, Thursday I believe and since then I have been making FRANTIC efforts to save all my info.The most important thing for me to save are my Outlook Express emails and my Roboform passwords. How To Cover Your Tracks On The Internet Every single time you access a website, you leave tracks. Tracks that others can access. Dont be a Dork - Protect Yourself There are folks out there who use their powers for evil, not good. Let's not give them the opportunity to sneak into our lives and wreak havoc. Sarbanes-Oxley: A Cross-Industry Email Compliance Challenge Is your enterprise following the rules?The bulk of financial information in many companies is created, stored and transmitted electronically, maintained by IT and controlled via information integrity procedures and practices. For these reasons, compliance with federal requirements such as the Sarbanes-Oxley Act (SOX) is heavily dependent on IT. How to Protect Your Child from the Internet When the Internet first came about, it was realized it could be quite the multi-tasking machine. These days people use it for just about everything, from downloading music to checking e-mail, and virtually making the rest of the globe closer all the time. What Every Internet Marketer Should Know About Spyware If you run any type of Internet business, Adware and Spyware can be a very serious issue. These programs hide themselves on your computer and do all sorts of annoying and potentially dangerous things. Cybercriminals Trick: Targeted Trojan-Containing Emails Threats we ordinary Web users face online leave us no choice but learn. Haven't you noticed how many new things you learned lately? We are much better informed about malicious programs than just a year ago. Is Your Music Player Spying On You? In today's times spyware is a very serious issue and all computer users should be aware of the possible damage it can cause. It is estimated by well known industry insiders that nearly 90% of all computers are infected with some kind of spyware. ![]() |
home | site map |
© 2006 |