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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.E-commerce fraud is any illegal or fake transaction made on a website, typically using forged or stolen billing information. Hackers and cybercriminals have a number of approaches to fraud -- some common e-commerce fraud examples include identity theft and stolen ATM and credit cards.www.fool.com/the-ascent/small-business/e-comme…Ecommerce fraud, also known as payment fraud, occurs when stolen or fake information is used to conduct an illegal online transaction. Fraudsters generally commit scams for financial or personal gain, creating fake aliases to steal money from either the merchant, the customer, or a combination of the two.www.paypal.com/us/brc/article/common-ecommerc…Ecommerce fraud is when scammers intercept a commercial transaction on an ecommerce store with the goal of personal or financial gain. Also known as payment fraud, it’s a criminal act in which scammers steal money from either the customer, the merchant, or both.www.shopify.com/enterprise/blog/ecommerce-frau…Using a stolen or fake credit card, using a false identity, and affiliate fraud advertising are all forms of ecommerce fraud. When a customer engages in fraud on your online store, you as a retailer absorb this cost, negatively affecting your revenue.thegood.com/insights/ecommerce-fraud/Examples of eCommerce scams include using a fake credit card, affiliate fraud advertising, and using a false identity. Whenever a customer is involved in eCommerce fraud, your retail shop will incur this cost, which will adversely impact your revenue. Fraudsters execute online fraud with credit cards and personal information.www.scam-detector.com/ecommerce-scams/
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