Oct 10, 2023
With online shopping becoming so convenient, there's a problem: e-commerce fraud. Protecting yourself from scams is important because online transactions can be tricky. This article talks about fraud detection in e-commerce.
E-commerce scams include data theft, unauthorised transactions, and false product claims. Learn to spot red flags for various e-commerce fraud types to shop safely online.
This is when people ask their banks for refunds on orders that might not have any issues. It causes problems for businesses and can lead to lost money and unhappy customers.
Fraudsters try out stolen Credit Cards by buying small things first. If it works, they go on to buy more expensive items.
Some people cheat businesses by returning broken, stolen, or damaged items to get refunds, even when it's against the rules.
Criminals steal payment information to shop online. They might even create fake websites to fool customers and steal their card details.
Hackers break into online accounts and use saved cards to buy things without permission. They might trick people with weak passwords or fake emails.
Scammers use stolen cards to buy stuff and change the delivery address to take the item themselves before it reaches the real owner.
Scammers create fake websites with really cheap stuff. People give their card details, and scammers use that info to buy things from real stores, making victims pay twice.
In this age of 'Digital India', it is crucial to protect yourself against online fraud. HDFC Bank's Vigil Aunty is on a mission: to secure banking for all through 'Freedom from Frauds.' With a focus on education and empowerment, she stands to guide and unite against fraud, ensuring a safe digital journey for everyone.
Read more about : Qr Code Scams | Types of Phishing | What is ATM Card Skimming
Join Vigil Army, where Vigil Aunty will decode various frauds and give people a heads-up on the dos and don’ts of combating frauds online. To join the Vigil Army, send ‘Hi’ to her via WhatsApp number: 7290030000
Disclaimer: The appearance of Vigil Aunty's bindi has been refreshed with a change in color from red to blue for a distinctive look.