Banks take appropriate measures to prevent fraud

April 26, 2008 - 9:49am | Fraud | News |
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More and more people today are getting into shopping online. Today the number of these corresponds to 69 %. They enjoy buying clothes, accessories, gifts and so on through e-stores which allow them to save their time on frequent visits to real shops or markets.

In view of the fact that there are more than a little online individuals striving for a fortune at the expense of others e-purchasing implies money loss risk.

By the moment there were many fraud events which took place at making the online or telephone transaction. People paying by means of credit or debit card are running the danger of Card Not Present fraud (CNP).

Banks are very concerned with the problem exercising new technologies aimed to protect their customers. Options are in a great number, people welcoming are not. The point is that the systems actually working well are very complicated and tangled. Random numbers and combinations are not very popular as well as security question solutions. Only around 30 percent of users are happy with the measures taken. Majority sees the way out in making on behalf of the bank institutions the Internet space a safer place for business.




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