eCommerce Fraud is a threat to small and large organizations alike. That being said, smaller online merchants are often at greater risk of a cybersecurity attack. This is because small businesses sometimes lack the security and IT resources required. 60% of businesses close within six months of being hit by a cybersecurity attack. One of the first things you can do is be hard on passwords. Strong passwords should contain 8 to 10 characters that include numbers, symbols, and upper/lower case letters. Consult the infographic below if you are interested in learning more about how to prevent eCommerce fraud.
Infographic created by Fiserv, a PCI service provider