Author: Vesta E-Commerce Blog

Learn how to protect yourself against the rising threat of SIM card swap fraud. Mobile phones and other devices have become integral to business, education, and socialization. According to research conducted by Deloitte, mobile phone penetration is at 91% in developed countries, and 90% in developing countries. Mobile phones have become an integral part of daily life in nearly every country around the world. Each of these mobile devices contain a physical SIM card and there is a growing trend towards the use of dual SIM devices (both physical and or eSIM). Dual SIM card device usage is most prevalent in India (66%) and…

Mobile commerce is a rapidly growing channel for consumers to purchase and sell products. However, this increase in popularity has led to an increase in fraud attacks targeting mobile devices. By the year 2025, approximately 70% of all online transactions will take place from a mobile device. This means that it’s more important than ever before to prioritize minimizing mCommerce fraud. It all starts with understanding the most common types of mobile commerce fraud that you face as a business owner. Let’s explore them below. 1. Account Takeovers This type of fraud occurs when a criminal is able to procure a user’s…

False declines are one the most detrimental consequences of a poor fraud prevention solution. This article explains the unexpected cost of false declines for your business. False declines are a problem that just about every online retailer has to learn to deal with. They pose a serious dilemma for businesses because it’s important to prevent fraudulent orders from getting approved, but the cost of false declines is high in terms of both reputation and revenue. It’s estimated that businesses lose 3% of their revenue due to false declines every year. In 2020, the ecommerce industry generated $4.29 trillion. If this revenue level…

Vesta’s General Manager of Asia Pacific, Shabab Muhaddes shares his thoughts. Southeast Asia is home to the world’s fastest growing e-commerce markets, and that growth is coming exponentially. In 2017, a Google-Temasek report foresaw a $200 billion internet economy in the region by 2025 – but by 2019 it was already past the $100 billion mark. There are 360 million internet users in Southeast Asia, and 90% of them connect primarily through their mobile phones. More than 40% of consumers in the region use mobile devices several times a week for e-commerce, and nearly half have at least two active…

Listen in to morning podcast from MoneyFM 89.3 and Vesta GM of APAC to learn about our expansion to South East Asia Listen in to Money FM 89.3 podcast with Vesta Breakfast huddle with Elliott Danker and Manisha Tank and Vesta GM of APAC, Shabab Muhaddes share how we are helping our clients grow approvals by eliminating the fear of fraud with Vesta’s ML/AI fraud technology in the Asia Pacic region This article first appeared on Vesta’s Blog on eCommerce Fraud.