ONLINE FRAUD PREVENTION : As an e-commerce merchant , there should be some preparation done for things like funding, stocks, products, etc. But at the same time, precaution for the expenses like lost products, shipping charges, chargeback fees , and the probable loss of the merchant account . Case investigations, customer phone support, and damage to a merchant’s reputation also contribute to the cost of fraud. The latter could possibly be more damaging. Possible points where fraud could be prevented: 1. Predictive Analysis: There is a vast use of data nowadays, which can be used to detect fraud patterns to determine future probabilities and trends. Although predictive analytics won’t reveal what type of fraud is about to take place but it will certainly point the possibility of fraud. 2. Experienced Fraud Analysts: The customer care and a team of fr...