Beware of These 5 E-Commerce CNP Fraud Trends

RAFAEL LOURENCO | March 22, 2019

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E-commerce is booming, but so is card-not-present (CNP) fraud. In fact, CNP fraud is growing at 14 percent per year because fraudsters have become more sophisticated about leveraging all the stolen data that’s out there. While this isn’t great news for online merchants, knowledge is power. Here are five fraud trends every e-commerce seller needs to focus on in 2019, along with suggestions on how to fight them. One of the fastest-growing types of fraud against all kinds of organizations is business email compromise (BEC). BEC can target a retailer’s customers by sending an email impersonating customer service and asking for account credentials — a common type of phishing that leads to account takeover fraud. BEC can also do major damage when scammers pose as company executives and then email “urgent” wire transfer or invoice payment requests to other people within the company.

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Splashlight is a leading visual content creation company with a unique combination of methodologies, creative services and turnkey technologies geared towards e-commerce and social media. Having worked with over 350 retailers, luxury, jewelry, fashion and athletic brands, Splashlight is the premier photo and video creation partner for clients such as Target, Bloomingdale's, Under Armour, Macy’s, Victoria's Secret, David Yurman and The Aldo Group.

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