Fraud doesn't just occur without planning.
For business owners, there are a few warning signs to look out for, according to a recent piece by business writer Ana Rincon at onlinebusiness.about.com.
Ten signs your business might be experiencing suspicious fraudulent activity are:
- Larger than normal orders
- Orders containing several units of the same item
- Orders shipped overnight
- Orders shipped to an address other than the billing address
- Change of destination
- Orders that fail address verification
- Anonymous (or free) e-mail address
- Multiple orders on the same card, in a short amount of time
- Multiple card numbers from one IP address
- Multiple card numbers shipped to the same address
Rincon advises that if your business is small enough to where you can keep track of orders by hand, put policies and procedures in place to tag suspicious orders. If your business is larger, make sure your payment processing company has sufficient payment and address verification measures in place.