icon Recharge Now for  ₹1000   & Get   ₹1600*   In Your Wallet. Use Code:   FLAT600   | Limited Period Offer On First Recharge

*T&C Apply.

Signup Now

Filters

cross

Follow Us

Countries with Most Internet Scamming Fraudsters in eCommerce

Puneet Bhalla

Associate Director - Marketing @ Shiprocket

October 23, 2017

3 min read

Although the internet and eCommerce have revolutionized the concept of business across the globe, they are still not safe from fraudulent activities. There are lots of cases where online businesses have lost millions of money due to different fraud cases. According to a recent survey, every two minutes, there are instances of online fraud in eCommerce or online businesses. If you are into online businesses, it is important that you know the nations that are vulnerable to such threats. In this way, you can devise proper strategies to safeguard your venture against such fraudulent activities and take steps accordingly.

When it comes to eCommerce frauds, nations like Latvia, Egypt and the United States top the list. There are instances of different kinds of online fraud, such as hacking, phishing, and leaking sensitive financial transactions. Because of this, both entrepreneurs and customers have lost millions of money. In nations like the US, the prevalence of credit card transactions is what makes it easier for frauds to attack. While the administration of these nations is carrying out methods to prevent such scamming techniques, it still seems that they are on the rise. If you are into an eCommerce business that involves transactions in these susceptible nations, you need to be extra careful to prevent such fraud cases.

In addition to these nations, there are some more countries where online businesses are susceptible to fraudulent activities. In most cases, the fraudsters target the IP address of the business to hack into their accounts and steal the money. Doing business in these nations also involves risk and you need to take care of the online delivery channels to have a safe and seamless business experience.

Some of the nations with the most internet scamming fraudsters are:

  • Mexico
  • Ukraine
  • Hungary
  • Malaysia
  • Colombia
  • Romania
  • South Africa
  • Philippines
  • Greece
  • Brazil
  • China
  • Indonesia
  • Russia
  • Singapore
  • Denmark
  • Nigeria
  • Canada
  • Portugal
  • Switzerland
  • United Kingdom
  • India
  • Netherlands
  • France
  • Austria

There are some measures that you can take to prevent online fraud. Some of them include choosing a secure financial platform that is fully encrypted, not divulging any sensitive financial information like debit or credit card PIN numbers, choosing a licensed third party or courier vendor, and having the necessary government certificates to carry out the business. This way you can to some extent safeguard against fraud.

How can I ensure that I am purchasing from a legitimate website?

There are a couple of ways to ensure whether a website is legit or not. Some of them include –
– Look for the padlock with HTTPS
– Check for their contact page
– Look for the brand’s social media pages
– Find the Website Privacy Policy

What are some tips to prevent online fraud?

– Keep your financial data separately
– Don’t share PIN and OTPs until 100% confident
– Beware of phishing emails
– Protect your computer

Custom Banner

Calculate Your Shipping Costs Now

2 thoughts on “Countries with Most Internet Scamming Fraudsters in eCommerce

  1. Hi, I am looking for some partnership with very small investment in shipping or courier field. Any details avaiolable do let me know.

    1. Hi Hariharan,

      You have arrived at the right place. You can ship using our platform and choose from 17+ courier partners for every shipment. Also, you don’t need to pay any subscription fee to get started. Just create an account for free and begin shipping – http://bit.ly/3974Fs9

      Thanks & regards,
      Srishti Arora

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Amazon FBA Export to the USA From India

Amazon FBA Export to the USA From India: An Overview

Contentshide Explore Amazon’s FBA Export Service Unveiling the Mechanism of FBA Export for Sellers Step 1: Registration Step 2: Listing...

May 24, 2024

7 min read

sahil bajaj

Sahil Bajaj

Senior Specialist - Marketing @ Shiprocket

Find Buyers for Exports Products

How To Find Buyers For Your Exports Business?

Contentshide The Fundamentals Of An Exporting Business 6 Ways To Find International Buyers For Indian Products 1. Conduct Thorough Research:...

May 24, 2024

10 min read

img

Sumana Sarmah

Specialist - Marketing @ Shiprocket

Top Marketplaces To Sell Your Products Online

Best Marketplaces In India To Sell Your Products Online [2024]

Contentshide Building Your Online Store on Marketplaces Benefits of Your Own Online Store Why Are Marketplaces An Ideal Option? Best Online...

May 24, 2024

15 min read

sahil bajaj

Sahil Bajaj

Senior Specialist - Marketing @ Shiprocket

Ship with confidence
using Shiprocket

Ship with confidence using Shiprocket

Trusted by 270K+ eCommerce brands like yours.