Mobile is the way of the future – or rather, the present – for e-commerce. Holiday shoppers continue to move away from brick-and-mortar stores to online sites, but are doing even more shopping via mobile devices than ever before. Fraudsters are growing savvy to the trend and capitalizing on the colossal amount of purchases made […]
At Sift Science, we know how intense the holiday period can be for retailers. Many of our e-commerce customers rely on our machine learning-based fraud detection solution to help them stay sane amidst a significant spike in order volume. The more aspects of fraud management that can be automated, the less burden on your internal review team. High fives all around!
This year’s Cyber Monday was huge for merchants, with more than $3.1 billion spent online in a single day! That made us wonder: were fraudsters also taking out their (stolen) credit cards that day?