How to Prevent (and Deal with) Ecommerce Fraud and Chargebacks

In a previous article, we discussed how a data breach can cause many unpleasant ramifications. We also reviewed some of the ways to prevent those ramifications; having data stolen by unauthorized parties is never a good thing, but you can take steps to protect your data better and prevent this kind of breach from happening. For ecommerce sites, however, protecting the customers’ personal information and other sensitive data alone isn’t enough. There is another part to the security equation, and that is fraud. It is not uncommon for hackers to make purchases using fraudulent means such as a stolen credit …

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Preventing Unpleasant Ramifications of Data Breaches

Hackers aim to benefit from stolen data, blackmail or profit from the ones from whom they have illegally obtained the information or just cause disruption in a business. Based on the hackers’ objectives, the data they are after can change as well, for instance these could include classified company collateral, competitor strategies, proof of impropriety, taking apart alliances, turbulent M&As etc. Regardless of what they may be after, companies must be prepared with a set of internal and external guidelines accommodated for the specifics of any type of data breach. A wide variety of adverse outcomes from the public’s perspective …

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