Credit Card Fraud on E-Businesses

By

ABSTRACT

This paper's aim is to discuss about credit card fraud on E-Business. Today, there are numerous ways that fraudsters have found to breach e-business inventory control, distribution systems, ordering systems, and payment systems. In this research report, stolen credit cards, system manipulations, and other kinds of credit card frauds have been discussed, along with the impact that these fraudulent activities can have on the profitability and smooth operations of e-business. Moreover, a number of preventive measures are also introduced and discussed, as well as, some actual cases on e-business fraud are also included in this piece of study. Further, detection of e-business frauds, measures to minimize this phenomenon, and the threats that these credit card frauds can have on sellers and shoppers on e-commerce platforms, are also discussed in this report.

ACKNOWLEDGEMENT

First of all, I would like to express my gratitude for my research coordinator, for his understanding, propositions, patience, and remarks. It would also give me great pleasure to show my gratitude to my peers, colleagues, and family whose immense and constant support has been a source of continuous guidance and inspiration. I would also like to be grateful to the Department, managers of the university, instructors and students who have supported me throughout this research.

DECLARATION

I [type your full name here], declare that all the content presented in the following dissertation/thesis is, in my opinion and understanding, an original, individual and unaided effort, and have not been submitted or published before for scholarly assessment in the past, either partly or completely, for an academic degree at this educational institution or elsewhere. I would also like to declare that I have understood and studied the prerequisites, principles, processes and guidelines of the University regarding the higher academic degree research award and to my dissertation. I would also like to declare that I have abided by the University's prerequisites, principles, processes and guidelines.

Signed __________________ Date _________________

TABLE OF CONTENT

ABSTRACTII

ACKNOWLEDGEMENTIII

DECLARATIONIV

CHAPTER 01: INTRODUCTION8

1.1 Background of the Problem10

1.2 Statement of the Problem10

1.3 Purpose of the Study11

1.4 Research questions11

1.5 significance of the study12

CHAPTER 02: LITERATURE REVIEW13

2.1 Introduction13

2.2 Fraudulent Behaviours14

2.3 The trends in online shopping16

2.4 International, national, and local aspects to the credit card market17

2.5 Avoiding E-Fraud19

2.6 Privacy Threats in E-business21

2.7 Privacy versus Security23

2.8 Can there be privacy online?24

2.9 Consumers online privacy rights27

2.10 Anonymity is not privacy28

2.11 The indirect costs of credit card frauds29

2.12 Major types of E-frauds31

CHAPTER 03: METHODOLOGY33

3.1 Introduction33

3.2 Overview of Qualitative Research Approach34

3.3 Research philosophy35

3.4 Research paradigms36

3.4.1 Positivist37

3.42 Interpretivist / Constructivist38

3.5 Research approach: Deductive39

3.6 Research strategy: Pluralistic40

3.7 Data collection methods and tools40

3.8 Data analysis methods41

3.9 Research Method and Design Appropriateness41

3.10 Research Design and Process41

3.11 Participants42

3.12 Research Instrument43

3.13 Ethical concerns43

3.13.1 Informed Consent45

3.13.2 Confidentiality45

3.13.3 Validity46

3.14 Limitations of the study46

CHAPTER 04: DISCUSSION AND FINDINGS48

4.1 Online fraud prevention measures50

4.2 Repeat victimization52

4.3 Perceptions about online credit card fraud and losses52

4.4 The future prospects and scenario53

4.5 Privacy threats in e-business56

4.6 Privacy Policy or Statement58

CHAPTER 05: CONCLUSIONS AND RECOMMENDATIONS60

5.1 Conclusion60

5.2 Recommendations for better practice of online trading62

REFERENCES65

CHAPTER 01: INTRODUCTION

In today's turbulent economy, electronic business or e-business face many different ...