Countries with Most Internet Scamming Fraudsters in eCommerce
Although internet and eCommerce have revolutionaries the concept of business across the globe, it is 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, there are instances of online fraud in every two minutes in eCommerce or internet businesses. If you are into such kind of business, it is important that you know the nations that are vulnerable to such threats. In this way, you can devise the proper strategies to safeguard against such fraudulent activities.
When it comes to eCommerce frauds, nations like Latvia, Egypt and United States top the list. There are instances of different kinds of online frauds, such as hacking, phishing and leaking out sensitive financial transactions. This way both entrepreneurs and customers have lost millions of money. In nations like the US, the prevalence of credit card transactions is more which makes it easier of 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 such nations, you need to be doubly careful to prevent such fraud cases.
In addition to these nations, there are some more countries where online businesses and susceptible to fraudulent activities. In most cases, the fraudsters target the IP address of the business to hack into their accounts and take away the money. Doing business in these nations also involves risk and you need to take care of the online and delivery channels to have a safe and seamless business experience.
Some of the nations with most internet scamming fraudsters are:
- United Kingdom
There are some measures that you can take to prevent online frauds. 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 frauds.