Internet Fraud Fraud What It Means, How To Prevent It?

Although credit cards have been in our lives since the day they started to be used, fraud, a concept that we have started to hear more often with the increase in e-commerce, that is, online shopping, means credit card fraud in its simplest form. Let’s take a closer look at what fraud means, how to prevent fraud, which is the risk of emptying your bank account in seconds, and see the important details you need to know about the subject.

The first credit card in the world began to be used in 1950, and in Turkey in 1968. Credit cards, which offer the opportunity to shop by borrowing money for the next month without carrying cash, brought new types of theft with them. A type of theft called fraud refers to credit card fraud. With fraud, which can also be experienced in daily life, Today, we encounter it mostly during e-commerce, that is, online shopping.

If you’re asking what Fraud is, it’s good that something like this hasn’t happened to you yet. However, millions of people in the world today are victims of fraud. The primary responsibility for preventing this theft lies in the workplace, but there are some things we as users can do and some simple but effective measures we can take. Bride What does fraud mean, how to prevent it Let’s take a closer look at the frequently asked questions and see the important details you need to know about the subject.

Let’s start with the basics, what is fraud?

Fraud, an English word of French origin, means fraud. The word fraud used for identity fraud in the past After the 1950s, credit card fraud refers to a fraud practiced in the form of using stolen credit cards in e-commerce today. Many users have suspected ‘Fraud’ coming from their bank with this word. Please wait for manual confirmation. You do not need to make a new request.’ They met with the message.

Fine, but what exactly does fraud mean?

Let’s explain it like this; The thieves somehow get hold of your credit card information. Then he opens an account on an online shopping site and They shop using your credit card information. Most of the time, this shopping is done over the upper limit of the credit card. Thus, even if the user applies to the bank with the suspicion of fraud, the thieves get what they can get. Most of the time, the seller or the e-commerce platform does not know about the subject, but there are cases where organized crime organizations do this in a planned way.

Chargeback is also part of this process:

If you’ve heard the word “fraud”, you’ll definitely hear the word “chargeback” along with it. When the user sees a suspicious transaction with a credit card, he notifies the bank of this situation and an investigation process begins. This process is called chargeback. During this process, the bank examines the transaction together with the e-commerce platform and the seller and checks whether there is a fraud situation.


What does the fraud notification sent to inform the user mean?

Unfortunately, many users are often unaware that their credit card information has been stolen until fraud occurs. Purchases made with stolen credit card information When the bank raises suspicion, the user is called, an SMS is sent or a notification is sent from the bank’s mobile application. This informational message is called fraud notification. The user who receives the fraudulent notification should contact the bank as soon as possible and report the situation and cancel the card. After a legal process, your bank will inform you.

How to prevent fraud? Here’s what merchants and e-commerce platforms need to do:

  • Use the 3D Secure system.
  • Check the CVV / CVC2 security code.
  • Check out the first purchases.
  • Check the basket average.
  • Detect incorrectly entered card information.
  • Identify the purchases made by different members with the same card.
  • Check the IP address.
  • Check delivery and billing addresses.
  • Make sure it’s identity checked on delivery.


Use the 3D Secure system:

3D Secure is one of the most effective methods that eliminates the suspicion of fraud. User in 3D Secure system After entering all card information, an SMS will be sent to the mobile phone number registered to the card or a notification will be sent to the mobile application of the bank. This message contains a unique code and is one time only. In this way, it is ensured that the shopper is the cardholder.

Check the CVV / CVC2 security code:

The CVV / CVC2 security code is a 3-digit number found on the back of credit and debit cards. This number is completely unique to that card. Many thieves cannot easily learn the security code unless they directly steal the credit card. For this reason, it is extremely important to ask for this code in the payment system.

Check out the first purchases:

People who steal users’ credit card information are generally on a new e-commerce platform they prefer to fraud by opening a new account. At this point, sellers and platforms should be extremely careful, when an account opened a few hours ago makes a high-priced purchase, there should be a suspicion of fraud.

Check the basket average:

Sometimes fraudulent thieves not only take the person’s credit card information, but also their account and account on an e-commerce platform. they take over all the information stored in that account. Thieves who try to snatch as big a deal as they can before they’re noticed make a pretty big deal. At this point, the platform should suspect the situation and check the average basket amount of that account.

Detect incorrectly entered card information:

It’s one, it’s two okay, but if a user enters the wrong credit card information repeatedly during online shopping, that is. with trial and error you know If he is trying to match other information that he could not obtain, this should create a suspicion of fraud.


Identify the purchases made by different members with the same card:

The tactic does not end with the thief. Sometimes fraud cases can be made with the same credit card. also when shopping from different user accounts may occur. Fraud analysts of e-commerce platforms should consider these situations.

Check the IP address:

If we are talking about an organized crime gang, there may be more than one fraud situation at the same time. In case of multiple suspicious transactions the platform should pay attention to the similarity of the IP addresses traded in. This check can be done together with the bank.

Check the delivery and billing addresses:

Maybe, delivery and billing addresses can be entered differently. However already in doubtful transaction and if the delivery and billing addresses are different, the suspicion of fraud should increase.

Make sure to be authenticated on delivery:

At this point, the responsibility falls on the couriers of the cargo companies. We know the workload is heavy, but while delivering the cargo Receiving SMS code or checking identity Highly important. It should not be forgotten that the courier is also held responsible in some fraud cases.


So what shall we do?

  • Do not share your credit and debit card information with platforms unnecessarily.
  • Don’t tell anyone your security code.
  • When you lose your credit or debit card, cancel it immediately by contacting the bank.
  • Immediately report suspicious situations to your bank.
  • Use virtual card.
  • Limit the internet shopping limit of your cards.
  • Do not shop from platforms that do not have a 3D Secure system.
  • Don’t click on every link you see.
  • Do not be fooled by every discount and advantageous opportunity.

fraudulent shopping with stolen credit cards on e-commerce platforms What is fraud and how to prevent it We talked about the details you need to know about the subject by answering frequently asked questions. Time is bad, watch yourself.


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