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- E-commerce scams, also known as payment fraud, occur when stolen or fake information is used for illegal online transactions123. Fraudsters deceive businesses and customers to gain unauthorized access to personal and financial information, conduct fraudulent transactions, or exploit the online retail environment for their own gain23.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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/uk/brc/article/common-ecommerc…E-commerce fraud is a form of cybercrime that occurs with online customer transactions. Malicious actors deceive businesses and customers to gain unauthorised access to personal and financial information, conduct fraudulent transactions, or otherwise exploit the online retail environment for their own gain.stripe.com/in/resources/more/types-of-ecommerce …e-Commerce fraud refers to any deception designed by fraudsters to exploit or rob online stores and businesses. Fraudsters would criminally target online merchants in order to receive some sort of financial or personal gain, causing losses on the part of the merchant.choco-up.com/blog/ecommerce-fraud
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