Credit Card Fraud on E-Businesses

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ACKNOWLEDGEMENT

I would first like to express my gratitude for my research coordinator, colleagues, and peers and family whose immense and constant support has been a source of continuous guidance and inspiration.

DECLARATION

I [type your full name here], declare that the following dissertation/thesis and its entire content has been an individual, unaided effort and have not been submitted or published before. Furthermore, it reflects my opinion and take on the topic and is does not represent the opinion of the University.

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Table of Contents

ACKNOWLEDGEMENTii

DECLARATIONiii

CHAPTER I: INTRODUCTION1

Proposed Working Title1

Research Background and Context1

Statement of Problem1

Research Questions2

Purpose and Objectives of the Study2

Rationale of the Study3

CHAPTER II: LITERATURE REVIEW4

CHAPTER III: PROPOSED METHODOLOGY6

3.1Introduction6

3.2Research philosophy6

3.3Research approach: Deductive7

3.4Research strategy: Pluralistic7

3.5Data collection methods and tools8

3.6Data analysis methods8

REFERENCES9

CHAPTER I: INTRODUCTION

Proposed Working Title

Credit Card Fraud on E-Businesses

Research Background and Context

E-commerce is a growing trend in the global world where more costumers and business organizations are shifting towards making transactions online that saves on their time and effort. In such a situation, the overuse of credit cards among the public is an expected trend in order to gain accessibility to purchases and make easy, hassle-free transactions using the e-commerce payment mechanisms offered by the virtual sellers. However, along with the advantages of credit cards comes the issue of fraudulent credit cards or identity thefts using stolen credit card details from others. This phenomenon is plaguing the industry as people hesitate making online purchases or suing their cards for these reasons. The growing concerns of shoppers over security and safety of their valued money is developing a tensed situation for sellers who have to remain cautious of fraudulent payments as well as keeping their customer base under the grip for offering their products online (Hoang, Hu, Bertok, 2003). Hence, we see that credit card fraud is an alarming condition that can lead to disastrous effects on the e-commerce, making it vulnerable to losses and dissolution.

Statement of Problem

Credit card fraud is a growing menace for the players in the e-commerce industry. This trend needs to be detected; studied, analyzed and certain practices need to be formulated to rectify the issues arising as a result of credit card fraud. Without being able to propose certain remedial actions, we will not be able to save the online sellers from the insecurity of customers and their shift towards other methods of making transactions.

Research Questions

How does credit card fraud a threatening phenomenon to the shoppers and sellers on online commerce platforms?

What are the methods of detection of fraud?

How can credit fraud be minimized?

What course of action should be adopted by the e-commerce participants against credit card fraud?

Purpose and Objectives of the Study

The success of e-businesses has brought with it, the threat of credit card fraud that is increasing with higher pace. This dissertation will investigate the current debate on the growing concern of credit card fraud and its vulnerabilities in the e-commerce sector. We will also assess and propose some remedial actions that can minimize this fraud and improvise upon its earlier ...