Cybercrime, including e-commerce fraud, has been on the rise since the beginning of the pandemic. It means that ecommerce fraud protection and cybersecurity require more attention from online merchants. The ecommerce fraud prevention strategy must combine three components: People, Process, and Technology.
Thousands of online stores that operate using Magento software experienced a successful cyberattack since summer 2020. Some common security risks seen on Magento include server attacks, credit card hijacking, website defacement, and botnetting