White paper published to help UK merchants combat online fraud in the UK
'Tackling fraud is no longer an option - it's a necessity' concludes industry endorsed CyberSource 2001 white paper
London
25 April, 2001
To give merchants the information they need in the battle against online fraud a white paper entitled 'Combating online fraud in the UK' has been published by CyberSource Corporation (Nasdaq: CYBS), a leading provider of mission-critical eCommerce transaction software and services.
"The aim of the white paper is to inform merchants of the latest research and standards that can help combat fraud in the UK," said Neil Cook, managing director of CyberSource UK. "We were astounded by the results of our 2000 UK fraud survey which showed that 39% of merchants still didn't know they are liable when fraud takes place. Given that Experian's 2000 research stated 40% of UK online retailers had suffered repeat attacks by the same fraudster and UPAQ's recent survey discovered that 95% of users expect to become victims of Internet fraud, this is of real concern."
"Online fraud is mainly preventable, but it is essential for merchants to stay abreast of this virulent and rapidly evolving threat. CyberSource is the market leader in online fraud prevention and its new white paper, 'Combating Online Fraud in the UK', is a 'must read' for every online merchant," said James Roper, chief executive of the IMRG (Interactive Media in Retail Group). "CyberSource's Internet Fraud Screen helps merchants to trade securely and efficiently on the Internet - so that their turnover contributes to their bottom line, not to lining fraudsters' pockets."
Combating online fraud in the UK white paper - what UK Internet merchants need to know in the battle against fraud
The online version of the White Paper can be found here
If you would like to receive a hard copy of the white paper please email: buybutton@cybersource.com
CyberSource UK Fraud 2000 Survey
The CyberSource UK Fraud 2000 Survey results and related information about e-commerce fraud prevention tools, can be found here
About IMRG
IMRG (Interactive Media in Retail Group) is the industry body for global e-retail. Formed in 1990, IMRG is setting and maintaining pragmatic and robust e-retail Standards to enable fast-track industry growth and facilitates its community of members with practical help, information, tools, guidance and networking. Consumers can be confident when dealing with IMRG Members because all have committed to operate using methods that are Honest, Decent, Legal, Truthful and Fair, and have undertaken to not bring the industry into disrepute. The strength of IMRG is the collective and co-operative power of its members in 20 countries. IMRG is the business.
Editorial Contact:
Bruce Frymire
CyberSource Corporation
650.965.6042
bfrymire@cybersource.com
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