When getting started with an
online business today, protecting your finances is very important. Whether you
are a very large or a very small organization, online fraud protection can help
you to avoid lost profits due to fraudulent credit card information and other
things that are used to get products or services without paying for them. Online
fraud protection stops hackers from using
this information when it is in use on a website. The systems that are available
today will add one additional step to the checkout process. That step will be
to require a telephone number to be entered into the provided box. The
automated system them calls or texts that telephone number with a personal
identification number which must be entered in the next step of the checkout process
in order to continue.
Hackers today have many
different ways of obtaining information that they then use to obtain services
and/or products that will never be paid for. Not only does this create a
problem for the owner of that information but it also causes issues for the
company who is sending the products or providing the services for the hacker. Online
fraud protection needs to change and adapt as the hackers gain more knowledge
about ways to steal the data of others and use it for their own gains. Using a
variety of different services, online fraud protection can prevent losses that
are associated with fraud and the use of fraudulent data today. Online fraud protection helps reduce losses that
will occur when a person successfully uses someone else’s information to gain
products and services. When information is used into a website, there are many
ways that a hacker can get the data. Each time you use your financial
information online; there is a possibility that a hacker will steal it.
If the personal
identification number is not entered or is not entered correctly, the order is
not processed. This means no loss for the organization and no problems
financially for the owner of the information that was used. It is truly a
win-win situation for the organization as well as the person whose information
was being used by the hacker. This small little change will save millions of
dollars for the organization as well as reduce risks of using your information
online. Your regular customers will see it as added protection for them and
will barely even notice that one little additional step. Sites like craigslist
which is very popular for e-commerce activities has made tremendous efforts to
keep things clean and even they have come up with algorithms like Craigslist ghosting algorithm which protects the adsbeing flagged or ghosted from craigslist.
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