Chargeback Effects On My Business It used to be that if you got a faulty product, poor service or were simply double charged, you decided to chargeback the purchase. With today’s economy and fraud on the rise, chargebacks are becoming more main stream and more purchases are being made with stolen cards. Losses of jobs cause people […]
According to the U.S Internet Crime Complaint Center in 2016, there were more than 280,000 internet fraud reports in the United States alone. One type of online fraud that most people are familiar with is a scam run on Craigslist where the seller receives an email from a prospective buyer offering to send a cashier’s […]
The sales associates at retail outlets following proper security guidelines is a good start to protecting against fraud this holiday season. But what if you are an online business, or the magnetic strip on a card does not work? In Part 1 of this topic, we talked about proper procedure for accepting cards in a card present […]
Viruses come in all different forms, from the common cold to life threatening plagues. Computers are no different. Hackers try to break into banks at least once a day. RSA, a security division of EMC, is a premier provider of security solutions for Fortune 500 companies. Since February 2006, RSA has been tracking the Windows Sinowal […]
Preventing Chargebacks, How to Do It! Even if you manage to keep your chargebacks below the 1/2 – 1% threshold, any chargeback claims – whether remedied or not – take up precious time researching what happened. I’m sure there are other ways you’d rather spend your time (like focusing on new sales). The best way to […]
Password security is important within your online network security and knowing the different types of identity theft is great, but what are the best ways to prevent identity theft? Many believe that PCI compliance does not affect them because they are not a payment processor or don’t run a gateway. This is a common mistake and can […]
Part one of this series talked about identity thieves wanting your password, and we discussed ways to protect against having your passwords compromised. Securing your password seems to be only 25 percent of the battle these days. Many network security attacks and breaches, like the Heartland Breach, occurred from within. So it is important to be PCI […]
The word “hacker” is often associated with the terms crime and fraud. However, hackers can be a good defense against online fraud, such as the “white hat” hackers that work to prevent fraud and fight identity theft. Unfortunately, white hat hackers aren’t as common as criminal hackers. It is important to first understand what different types of […]
The Federal Trade Commission announced that “creditors” will not have to worry about fines associated with non compliance with Red Flag Rules until May 1st 2009. A creditor is defined as any entity that extends, renews, or continues credit and any entity that regularly arranges for the extension, renewal, or continuation of credit. For example, mortgage brokers, […]
In previous posts I’ve talked about identity theft and ways to prevent fraud, but are our banks doing enough to protect its customers from identity theft? Recently thousands of consumers’ personal information was stolen from Wells Fargo. MicroBilt which is the self-proclaimed “single source industry leader in risk management information” notified Wells Fargo of the breach caused by […]
