From the course: Shopify Essential Training
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Understand fraud and risk - Shopify Tutorial
From the course: Shopify Essential Training
Understand fraud and risk
- [Instructor] I'd like to talk about fraud for a minute. As a merchant, fraud is something you have to consider. Now the good news is that if you look through reports like this, fraud isn't rampant, but it's not uncommon. 47% of companies surveyed said that they experienced fraud in the past two years. So don't not launch your business because you're afraid of fraud. Shopify has great built-in tools to help mitigate this risk. In the context of E-commerce, fraud means that someone used someone else's payment without their consent. So a stolen credit card number is the most likely challenge. It's unlikely for a new store owner to be targeted by fraudsters, but I want to share this information with you now, so that once you do get big enough to be targeted you're aware of the issue. And I want to highlight two industries that are more often the targets of fraud. The first is digital goods. These are often targeted by…
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