With the upcoming advancement of technology, the improvisation of marketing took place through the digital mode. It has been truly convenient for the consumers to go through a wide range of products with different brands. The discounts act like bargaining chips and home delivery in this post-pandemic world is like a cherry on the cake. Companies are able to promote their products with cost crunch and are able to display the endless creative side which the consumers would love. But like a coin has two sides, cyber attacks take over and infiltrate the management system. To cross this bridge, Smart Circle provides IT solutions against these virtual hazards.
Types of online fraud that take place with consumer as well as dealer:
- Identity theft is one of the most common e-commerce offenses that takes place covering almost 71% of the cases. Fraudsters use email id, IP address or seemingly real-user accounts to commit purchase frauds.
- Friendly frauds happens when a customer complains of refund due to defective piece sent and in return retailer has to issue the chargeback. This may be intentional or not but the money is retrieved from the commercial account in the issuing bank.
- Using stolen credit or debit card information, clean fraudulent purchase an item from a fake website and then intercept the messages taking place between the actual account holder and the merchant. Later sell them on dark web.
- Triangulation fraud takes place when the cyber criminal offers poor goods to the retailer through their sham website and attempt phishing. In real, those goods don’t exist but a huge amount gets transferred when an order is being placed.
How does IT solution tackle?
- They help in entangling the cobwebs of legal issues raised due to negligence of a merchant.
- They offer expertise in cyber security regardless of the infrastructure may it be government or private portal.
- They develop and execute a cyber policy that would strengthen the website.
- The strong network would regulate the site traffic and conduct risk assessment on a regular basis.
- Configure the malicious code and rectify the bugs, hence polish the IT management.
- They also provide high tech software that would protect the commercial site from fraudsters and ghost users.
- Lastly, they also have crypto forensic services to aid and track in case of payment theft.
- In case of any mishap, and also to prevent such crimes they give a enterprise architecture design for security.