E-wallet
Online purchases are no longer conceivable without the use of not only bank cards, but also electronic money. And where there is electronic money, there must be a wallet. Very often, scammers try to register wallets under fictitious names, use compromised phone numbers or email addresses. Also, cases of phishing are not uncommon, when, under one pretext or another, the victim is lured away from his electronic wallet.
Features when using e-wallets:
1
Reputational losses from hacking of clients' wallets, phishing attacks.
2
Financial losses from chargebacks.
3
Attempts to legalize money obtained by criminal means, which may cause problems with regulators and law enforcement agencies.
4
A high level of fraudulent transactions, which carries both financial and reputational risks.
These are just the main risks that can be applied to E-wallets, in reality there are a much larger number of them.
Find out how you can protect your business using advanced solutions in this area with the help of our company.
