Nigeria Is Still #1 Riskiest Country For Online Fraud Unchallenged
28 Jan 2008 14:00 Africa/Lagos "Certainly Nigeria's persistent notoriety among eCommerce merchants is enhanced by the ubiquitous 'Nigerian Scam' letters," said Doug Schwegman, CyberSource director of customer and market intelligence. "Russia dropping off the list this year may simply mean merchants have given up shipping even digital products to that country due to negative outcomes in the past. But the real message of these findings is that fraud remains a significant issue in the lives of eCommerce merchants. We do see increasing popularity of IP Geolocation, a tool that gives merchants information on the location of an internet-connected computer based on its internet protocol address. But as always, we remind merchants that no one tool is a silver anti-fraud bullet -- that combinations of tools work best to root out cybercrime." NYC Loses Title to Miami - No Longer 'Riskiest City' for Online Fraud CyberSource annual survey: Miami now #...