Fraud Prevention
When financial markets swing, fraudsters act. Amidst the head-spinning changes, it can be hard for providers of alternative payment and money services – from crypto to gold – to keep track of the vulnerabilities such rapid change exposes them to.
New releases and special editions are huge events in the sneakerverse. Unfortunately, new releases can also be big paydays for the fraudsters who profit from the sneaker resale market.
Imagine losing a loyal customer not because of a deliberate choice but due to a false fraud flag.
Air travel and events ticketing are both lucrative segments for fraudsters and can be risky for merchants. According to analysis by Riskified data analyst, Yael Hemo, and senior data analyst, Lev Gal, flight bookings in 2024 were +14% riskier compared to the previous year. Senior data analyst Adi Dick-Charnilas found that the events ticket industry … Continued
For seasoned retailers, it might feel that the all-important holiday shopping season comes around sooner every year. As merchants worldwide gear up for the surge in sales that Black Friday and the holiday season brings, the urgency to maximize sales needs to be coupled with an urgency to mitigate losses. Sadly, booming sales also signal … Continued
For every type of fraud, there is a season. Gift card fraud, for example, rises around Mother’s Day, Valentine’s Day, and Christmas. Ecommerce fraud teams face a holiday hangover of chargebacks after the end-of-year gift-giving season. And policy abuse — including refund and returns, reseller, as well as promo and coupon fraud — tends to … Continued
It’s easy to understand why everybody loves gift cards, especially the digital kind. So you won’t find it surprising that the number of card purchases and payments Riskified processed from merchants in 2023 was almost double the number processed in 2021. Unfortunately, the “everybody” who loves gift cards includes fraudsters. As liquid as cash, ill-gotten … Continued
Let’s face it: Chargebacks can be an operational nightmare for ecommerce, stemming from the increasing complexity of customer shopping habits and the pandemic-related surge in online sales. Not only do you face the challenge of processing high volume, but you also deal with compiling compelling evidence from widely disparate systems — it’s an impossible situation … Continued
Here’s a story about Chris, an honest consumer buying his partner a gift on your ecommerce site. Chris fills his cart and clicks to complete the purchase. Then, the unexpected happens. Chris’s card issuer refuses to authorize the transaction. Maybe Chris was shopping while on an overseas trip, the gift he chose was unusually pricy, … Continued
