Description: The Fraud Prevention Framework is a structured approach designed to mitigate the risk of fraudulent activities in e-commerce. This framework encompasses a series of strategies, tools, and practices that enable businesses to identify, assess, and manage fraud threats. Its significance lies in the need to protect both consumers and merchants, ensuring secure and reliable transactions. Key features of this framework include the implementation of advanced technologies, such as artificial intelligence and data analytics, which help detect suspicious patterns in real-time. Additionally, it focuses on educating and raising awareness among users about best security practices, as well as fostering collaboration among different actors in the digital ecosystem. The relevance of the Fraud Prevention Framework has increased with the growth of e-commerce, where online transactions are becoming more common, and fraud threats are becoming more sophisticated. Therefore, establishing a robust framework not only protects the economic interests of businesses but also fosters consumer trust, a crucial element for long-term success in the digital environment.
