10-07-2007, 08:09 PM
...in attempted credit card fraud by a Ghana credit card theft ring at one of our stores--in one day 
...bringing this month's total up to $25K.
I just voided $9K in approved transactions that these fuckers ran through our TS store. There was another $11K+ in declined charges they tried to run through. 20 transactions using 5 different credit card numbers--18 transactions coming from an anonymous proxy (which is why we block proxy IPs from our servers) and 2 from a Ghana IP address.
The good news: we caught all of the fraudulent transactions today. Our fraud prevention measures seem to be working--our total losses to fraud this year are only $28 despite hundreds of attempts by scammers to rip us off
Moral of the store: If you sell in a high risk category like consumer electronics always check the IP addresses of buyers to verify their location...and subscribe to your merchant provider's anti-fraud suite (both Cybersource and authorize.net offer good anti-fraud suites...LinkPoint's leaves a lot to be desired)
...bringing this month's total up to $25K. I just voided $9K in approved transactions that these fuckers ran through our TS store. There was another $11K+ in declined charges they tried to run through. 20 transactions using 5 different credit card numbers--18 transactions coming from an anonymous proxy (which is why we block proxy IPs from our servers) and 2 from a Ghana IP address.
The good news: we caught all of the fraudulent transactions today. Our fraud prevention measures seem to be working--our total losses to fraud this year are only $28 despite hundreds of attempts by scammers to rip us off
Moral of the store: If you sell in a high risk category like consumer electronics always check the IP addresses of buyers to verify their location...and subscribe to your merchant provider's anti-fraud suite (both Cybersource and authorize.net offer good anti-fraud suites...LinkPoint's leaves a lot to be desired)
