Is Your Online Store Protected from Fraud?

Determined hackers will do whatever it takes to break into vulnerable sites that don’t have the proper settings in place to minimize fraud. Recently, hackers have begun to leverage a new type of fraud known as a brute force attack, in an attempt to use a bot to automatically authorize fraudulent payments for up to millions of compromised credit cards in a matter of seconds. We’ve outlined the essential ecommerce features that every store owner should be using to thwart these attacks.

“Cyber crime damage costs to hit $6 trillion annually by 2021” – CSO Online

With the holiday shopping season virtually here, we want to help ensure your online store is safe from a cyber-attack. Historically, payment gateways and credit card processors have typically been responsible for protecting merchants against fraudulent credit card transactions. Here at Miva, our team has taken a proactive approach to fighting fraud by adding new features with each software update. Features like authorization blacklisting, failed authorization delay, reCAPTCHA, and use authorization token, are great examples of how Miva is working hard to diminish fraud.

As a merchant, you can implement various settings to help protect your store and your customers from becoming a victim of payment fraud. The Miva Reference Guide includes tutorial videos and how-to guides designed to help assist you with adding various functionality like enhanced fraud protection.

Fraud Tools to Help Protect Your Customer Data

• Fraud Overview | Learn More
• Authorization Failure Log and Blacklist | Implementation
• reCAPTCHA | Implementation
• Enhanced Protection | Learn More

 

About The Author

Katy Ellquist

Katy Ellquist, Miva’s Digital Marketing Strategist, is an accomplished writer, marketer, and social media analyst who has created sophisticated content campaigns for a broad range of professional clients. She brings to Miva a complex understanding of ecommerce trends and techniques, building upon extensive digital agency experience and a prior role as direct liaison to Miva’s top accounts. Katy is a regular contributor to the Miva blog, covering essential ecommerce topics like design & development strategy, site optimization, and omnichannel selling, with the goal of increasing the actionable knowledgebase of the entire Miva community.