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The Future of Fraud: Five E-Commerce Predictions for 2015

  • The Future of Fraud: Five E-Commerce Predictions for 2015-

    Fraud Across the Board

    There has been talk of new technologies such as Apple Pay solving fraud problems, but the fact is that where there's mass adoption, there's fraud. The fraudsters will always keep coming, and every system has its weaknesses. Fraudsters always have their eye on their personal bottom line, making them fast and flexible at both discovering and targeting weak spots. The more successful a payment solution becomes, the more attractive a target it becomes to fraudsters.

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The Future of Fraud: Five E-Commerce Predictions for 2015

  • 1 | 2 | 3 | 4 | 5 | 6 | 7
  • The Future of Fraud: Five E-Commerce Predictions for 2015-6

    Fraud Across the Board

    There has been talk of new technologies such as Apple Pay solving fraud problems, but the fact is that where there's mass adoption, there's fraud. The fraudsters will always keep coming, and every system has its weaknesses. Fraudsters always have their eye on their personal bottom line, making them fast and flexible at both discovering and targeting weak spots. The more successful a payment solution becomes, the more attractive a target it becomes to fraudsters.

E-commerce is growing all the time. In 2014 alone, e-commerce increased by 20 percent to more than $1.5 trillion in sales. Unfortunately, with increased opportunity comes increased risk. Fraud can cost companies both directly through chargebacks and associated fees, and indirectly through the legitimate business many merchants reject through fear of fraud. It's an ongoing challenge for e-commerce merchants – and it's not going anywhere in 2015.

In this slideshow, Michael Reitblat, co-founder and CEO of Forter, provider of the first fraud prevention solution that offers online merchants a real-time decision engine, has identified five e-commerce trends for 2015.

Michael Reitblat is the co-founder and CEO of Forter with more than a decade of experience in building revolutionary products and making sure customers get exceptional service solving real problems. Prior to founding Forter, Michael served as the vice president Product and International Operations at Pango Parking where he was in charge of the deployment and adoption of mobile wallet technologies worldwide. In 2008, before its acquisition by PayPal, Michael served as a product manager at Fraud Sciences, where he faced some of the most challenging questions in the cybersecurity ecosystem. Michael received his bachelor's degree in economics and history from Tel Aviv University.