Internet credit card fraud prevention?
Question by bluesky: Internet credit card fraud prevention?
I am setting up an online business. I am going to sell downloadable products that allow customers to receive merchandises as soon as they provide the necessary credit card information. It won’t take long for a transaction to be completed. It, therefore, won’t leave me any chance to apply fraud prevention methods such as matching billing address to ship-to address, address verification, IP address check etc…I was advised to ask for the Card Verification number along with the credit card number but I am just not sure if a hacker could obtain that info (CVV2, CVC2) from the credit card companies database. It looks like nothing is impossible for hightech crooks for I have seen a long list of credit card info posted in some forum so that anyone could use it to conduct fraud.
Could someone give me some advices on how to prevent internet credit card fraud. I need your expertise please. Thank you
Best answer:
Answer by fender_diana
Why don’t you leave that problem to a company like Paypal? They can do all that for you and you wont have to worry about that.
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Everything can be hacked, it’s just a matter of time and effort. The best protection is to be proactive. Make sure that you are able to analyze everything about your data, including who accessed it, when it was accessed, and where. Never sacrifice speed for security, it does no good to have a fast service if everything is going to be compromised.
My first source includes a website that trys to break in to your website and points out holes in your security and how to prevent credit card fraud. The rest are just informational links but worth a look. Hope this helps.