Avoiding Clean Fraud

Getting away with fraud isn’t always easy. As hard as fraudsters try to find newer and sneakier ways to steal payment credentials and deceive merchants, the smartest minds in the payment industry are always finding ways to stop them.

Sometimes the only way to get around state-of-the-art fraud detection is to make everything appear as legitimate and above-board as possible by avoiding all of the usual signs and indicators. Fraud is a dirty business—and some of the most dangerous fraudsters are the ones who make it look clean. What can merchants do to protect themselves from so-called clean fraud?

Clean fraud can come in many forms. It’s defined by its ability to evade detection by normal anti-fraud tools and methods, which can be accomplished in a variety of ways. What makes clean fraud so dangerous for merchants is that it’s so difficult to prevent—you usually won’t know you’ve been victimized by clean fraud until after the cardholder realizes it and demands a chargeback.

Full Text:
https://www.chargebackgurus.com/blog/clean-fraud

©Chargeback Gurus 2021
Production: Emily Woodward
Narration: Sarah Rife