Top Reasons Ecommerce Fraud is on the Rise

Consumers are spending more online than ever before. With an increase in online shopping comes an increase in ecommerce fraud. Fraudsters are taking advantage of our increasingly digital world and finding new ways to get their hands on your hard-earned money.

The more we embrace modern conveniences regarding ecommerce online stores, the more thieves and fraudsters will take advantage of these systems. As long as there is money to be made, there is an incentive to steal and trick hardworking online shop owners. In 2021 alone, ecommerce fraud surpassed $20 billion, an 18% jump compared to the previous years.

There are methods to protect your WooCommerce or Shopify store. Using bespoke plugins and apps like Xero for Business is an excellent place to start. It will allow you to track all the currency moving through your company. However, to really protect your business, you need to understand why this increase in fraud happening in the first place is.


For more information visit: https://woocommerce.opmc.com.au/2022/09/09/top-reasons-ecommerce-fraud-is-on-the-rise/


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