How to Combat Online Fraud in E-commerce
Online fraud costs UK e-commerce providers £29.3m in the first half of this year – up a startling 71% on the same period in 2013.
Despite these alarming figures, the solutions implemented by e-merchants for fighting fraud are relatively inefficient.
So, what are the most common fraud management solutions? Can e-commerce companies fight fraud without sacrificing the customer experience?
Can they control operational costs at the same time? Is outsourcing the solution? If yes, what are the benefits?