Description: Fraud risk management in the e-commerce sector refers to the systematic process of identifying, assessing, and mitigating the risks associated with fraudulent activities that can affect online transactions. This process is crucial for protecting both consumers and businesses, as fraud can manifest in various forms, including the use of stolen credit cards, identity theft, and phishing. Fraud risk management involves implementing strategies and technologies that allow for the detection of suspicious patterns, validating user identities, and ensuring that transactions are legitimate. Additionally, it includes training staff and creating policies that foster a secure shopping environment. The relevance of this management lies in the exponential growth of e-commerce, which has led to an increase in opportunities for criminals. Therefore, businesses must adopt a proactive approach to safeguard their operations and maintain customer trust, which in turn contributes to the sustainability and long-term success of the business.
