E-Commerce Fraud Prevention: How Fake Accounts Are Poisoning Your Business

If you’re an e-commerce business owner, you’d likely be well acquainted with fraud. Payment fraud, identity theft, and promo fraud are some of the more commonly seen e-commerce fraud types. And they have one thing in common—they can all be carried out using fake accounts. 

Though fake accounts are usually overshadowed by their more infamous counterpart—account takeovers—they can cause some serious damage. Fake account fraud is becoming more commonplace; in 2019 it grew 27% and is showing no signs of slowing down.