How can I prevent fraud in my eCommerce store?

How can I prevent fraud in my eCommerce store?

There are several strategies you can implement to prevent fraud, such as using secure payment gateways, implementing two-factor authentication, and regularly monitoring transactions for suspicious activity.

What are some signs of fraudulent transactions?

Common signs include multiple purchases from the same IP address in a short time, mismatched billing and shipping addresses, and unusually large orders.

Should I use machine learning for fraud detection?

Yes, machine learning can help identify patterns in transaction data that may indicate fraud, improving your detection capabilities.

What tools can I use for fraud prevention?

You can use tools like fraud detection software, chargeback management systems, and analytics platforms that specialize in eCommerce security.

How often should I review my fraud prevention measures?

It's advisable to review your fraud prevention measures at least quarterly, or more frequently if you notice an increase in suspicious activity.