{"id":4525,"date":"2020-04-01T12:53:32","date_gmt":"2020-04-01T07:23:32","guid":{"rendered":"https:\/\/www.idslogic.com\/blog\/?p=4525"},"modified":"2025-02-26T15:31:13","modified_gmt":"2025-02-26T10:01:13","slug":"understanding-credit-card-frauds-and-how-to-secure-your-magento-website-from-it","status":"publish","type":"post","link":"https:\/\/www.idslogic.com\/blog\/understanding-credit-card-frauds-and-how-to-secure-your-magento-website-from-it","title":{"rendered":"Understanding Credit Card Frauds and How to Secure Your Magento Website from It"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.idslogic.com\/blog\/understanding-credit-card-frauds-and-how-to-secure-your-magento-website-from-it\/#Who_is_at_a_Risk_of_Online_Fraud\" title=\"Who is at a Risk of Online Fraud?\">Who is at a Risk of Online Fraud?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.idslogic.com\/blog\/understanding-credit-card-frauds-and-how-to-secure-your-magento-website-from-it\/#What_is_a_Credit_Card_Fraud\" title=\"What is a Credit Card Fraud?\">What is a Credit Card Fraud?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.idslogic.com\/blog\/understanding-credit-card-frauds-and-how-to-secure-your-magento-website-from-it\/#How_to_Prevent_Credit_Card_Frauds_for_Your_Magento_Ecommerce_Development_Services\" title=\"How to Prevent Credit Card Frauds for Your Magento Ecommerce Development Services?\">How to Prevent Credit Card Frauds for Your Magento Ecommerce Development Services?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-size: 14pt;\">With ecommerce websites increasing exponentially and people purchasing things online, it has become very crucial to make your website safe for transactions. Online frauds have become a common thing and it has become one of the major concerns of all Magento web development. It doesn\u2019t matter if you are an ecommerce giant or a startup business, you are always at a risk of getting hacked.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">If you have a <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/store.idslogic.com\" target=\"_blank\" rel=\"noopener\">Magento Online Store<\/a><\/span>, then there is nothing more troublesome than fraud as it can dissolve your customer\u2019s trust, cost you a lot of money and also damage your reputation. Research has stated that merchants all over the world will lose a combined total of $130 billion between the years 2019 -2023 through various fraudulent transactions.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_is_at_a_Risk_of_Online_Fraud\"><\/span><span style=\"font-size: 14pt; color: #008000;\"><strong><span style=\"font-size: 18pt;\">Who is at a Risk of Online Fraud?<\/span> <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-size: 14pt;\">There are many Magento websites who don\u2019t prefer to hire a <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"\/magento-development\/\">Magento Development Company<\/a><\/span> for regular maintenance of their site. Such websites are usually attacked by hackers as they are not updated regularly and lack useful features that can protect the ecommerce site. Again, you might think that you have a small business so hackers might not consider your website for fraud. But you couldn\u2019t be more wrong.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Hackers usually try to attack sites that are not regularly maintained and so even if you are a small organization, you should know the importance of regular <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"\/magento-hosting-support\/\">Magento Maintenance<\/a><\/span>.\u00a0 All the ecommerce stores are usually at a risk because they store customer details and are at the risk of losing data in the wrong hands in case there is any security lapse.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Credit_Card_Fraud\"><\/span><span style=\"font-size: 18pt; color: #008000;\"><strong>What is a Credit Card Fraud?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-size: 14pt;\">Credit card fraud usually happens when someone who is a fraudster uses the stolen credit card or the information from that card to make any unauthorized access to the account or make a purchase in your name by using the account. Credit card fraud can happen in various ways. The credit card number might be exposed to data breach, which hits one of your favorite retailers and the fraudsters may use the information to rack up online changes with your account numbers.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Prevent_Credit_Card_Frauds_for_Your_Magento_Ecommerce_Development_Services\"><\/span><span style=\"font-size: 16pt;\"><strong><span style=\"color: #800000;\">How to Prevent Credit Card Frauds for Your Magento Ecommerce Development Services?<\/span> <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span style=\"font-size: 14pt; color: #003366;\"><strong>Follow the PCI Guidelines:<\/strong><\/span><\/h4>\n<p><span style=\"font-size: 14pt;\">The Payment card industry security standards council has some of the best practices set that needs to be followed by all the online ecommerce stores. It is by complying with the standards that they can prevent fraud of any kind from occurring. Following these standards are compulsory because there are important to restrict online frauds.<\/span><\/p>\n<blockquote>\n<p style=\"box-shadow: 0 0 16px #cccccc; padding: 10px;\"><span style=\"font-size: 14pt;\"><span style=\"color: #003366;\"><strong>Also Read: <\/strong><a href=\"\/blog\/what-to-consider-before-creating-a-perfect-newsletter-for-your-magento-store\"><span style=\"color: #ff0000;\">What to Consider Before Creating a Perfect Newsletter for Your Magento Store<\/span><\/a><\/span><\/span><\/p>\n<\/blockquote>\n<h4><span style=\"font-size: 14pt;\"><strong><span style=\"color: #003366;\">Using the Right Tools and Processes:<\/span> <\/strong><\/span><\/h4>\n<p><span style=\"font-size: 14pt;\">Magento development comes with various security tools, which can be easily integrated to manage the risk. A great deal of security is offered to the site and it is essential to keep the customer information safe.\u00a0 You can ask your Magento maintenance company to integrate some tools to maintain the security of the site.<\/span><\/p>\n<h4><span style=\"font-size: 14pt;\"><strong><span style=\"color: #003366;\">Opt for an Address Verification System:<\/span> <\/strong><\/span><\/h4>\n<p><span style=\"font-size: 14pt;\">If is always a good idea to compare the billing address with the address that is used in the records of the credit card company. If the IP address does not match the address on the credit card, then you can restrict the IP addresses if they are from some other countries. There are some settings available by <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"\/magento-ecommerce-development\/\">Magento ecommerce<\/a> <\/span>platforms that allows you to block any irrelevant IP address. But also remember that at times your customer may also purchase a gift for someone from the site and send it to a different address.<\/span><\/p>\n<h4><span style=\"font-size: 14pt;\"><strong><span style=\"color: #003366;\">The Use of CVV:<\/span> <\/strong><\/span><\/h4>\n<p><span style=\"font-size: 14pt;\">Another best means to protect your Magento ecommerce site is to make it compulsory to write down the CVV, which is the three or four-digit code printed on the backside of the credit or the debit cards. Since PCI prevents strong CVV codes on the database, it is a safe means to make every transaction safe and effective.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Most Magento ecommerce sites store personal data of their customer\u2019s credit cards like the address and some other credentials. It is only through regular maintenance of the site and taking some crucial steps that business owners can safeguard their site from any cyber-attack.<\/span><\/p>\n<blockquote>\n<p style=\"box-shadow: 0 0 16px #cccccc; padding: 10px;\"><span style=\"font-size: 14pt;\"><span style=\"color: #003366;\"><strong>Also Read:\u00a0<\/strong><a href=\"\/blog\/how-you-should-use-giveaways-to-generate-more-sales-from-your-magento-e-store\"><span style=\"color: #ff0000;\">How You Should Use Giveaways to Generate More Sales from Your Magento E-Store<\/span><\/a><\/span><\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>With ecommerce websites increasing exponentially and people purchasing things online, it has become very crucial to make your website safe for transactions. Online frauds have become a common thing and it has become one of the major concerns of all&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4526,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[550],"tags":[265,825],"class_list":["post-4525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magento","tag-magento-development","tag-magento-development-agency"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/posts\/4525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/comments?post=4525"}],"version-history":[{"count":5,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/posts\/4525\/revisions"}],"predecessor-version":[{"id":11127,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/posts\/4525\/revisions\/11127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/media\/4526"}],"wp:attachment":[{"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/media?parent=4525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/categories?post=4525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.idslogic.com\/blog\/wp-json\/wp\/v2\/tags?post=4525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}