Ecommerce Fraud Report

Several decades ago, people were pooh-poohing the idea of online trading. Buying a new shade of lipstick online could cause some raised eyebrows. Cosmetics need to be tried after all to see how they would look before they are purchased. The same thing goes with books; you need to flip through the pages. Those days you would never think of online businesses if you would like to purchase your dog food, your wine, much less your plane ticket. Those days are gone…ecommerce is growing at an unprecedented rate of more than 20% yearly.

But with this rapid growth comes online fraud. Online marketers are continually exploited and consumers develop a reluctance to shop online. This gives rise to the all important need for fraud protection not only for the merchants but for the customers too.

Online merchants accepting card-not-present transactions are greatly benefited by the electronic payment and risk management solutions offered by CyberSource Corporation. Headquartered in Mountain View, California, CyberSource had joined forces with ScanAlert, Inc. to present to online marketers the PCI Scanning Service.

Payment Card Industry Security Standard (PCI) is the standard formed by major cards associations. This security standard requires online entrepreneurs to use necessary security measures to safeguard fraud susceptible card holder information. Through the CyberSouce PCI Scanning service, merchants can detect network weakness signs and sources of intrusions.

More than 228,000 online businesses are using the risk management solutions provided by CyberSource. These solutions show positive results as evidenced by the findings shown in the recently released CyberSource fraud report. A free copy of this latest fraud report can be downloaded from the Realworks Media section of the Cybersource website. Realworks Media is working in partnership with CyberSource to provide online merchants with economical programs that will meet the PCI Scanning standard.