#ecommerce

danie10@squeet.me

Facebook rated the least safe e-commerce option in government rankings – Singapore’s safety scheme measures scam-combatting capability

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A newly implemented e-commerce rating system in the city-state of Singapore has rated Facebook’s Marketplace as the least trustworthy e-commerce platform, behind Amazon and its Alibaba-owned Asian analogue Lazada. The ratings system, known as the E-commerce Marketplace Transaction Safety Ratings (TSR) [PDF], was launched on May 14th by the Inter-Ministry Committee on Scams (IMCS).

From personal experience, my own daughter has been defrauded twice via Facebook Marketplace. My own dealings with Amazon have not been bad, as they at least have a call centre which sorts things out for you. On Facebook’s side, they have zero interest in sorting anything out, as it is mostly user to user sales. Locally we also have a marketplace called Bid or Buy, and they can act as the middle-person by accepting the client payment, you dispatch the goods, and then withdraw the funds from them if the buyer has received them in order. This has worked very well for me, as it also assures me that an actual payment has been made. I’d happily part with a small percentage for this service, as it gives the buyer some peace of mind too.

See https://www.theregister.com/2022/05/17/facebook_rated_least_safe_ecommerce/

#technology #marketplace #singapore #ecommerce
#Blog, ##ecommerce, ##marketplace, ##singapore, ##technology

danie10@squeet.me

Hundreds of e-commerce sites booby-trapped with payment card-skimming malware – The hacked sites were running outdated Magento 1 e-commerce platform

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About 500 e-commerce websites were recently found to be compromised by hackers who installed a credit card skimmer that surreptitiously stole sensitive data when visitors attempted to make a purchase.

“The Natural Fresh skimmer shows a fake payment popup, defeating the security of a (PCI compliant) hosted payment form,” firm researchers wrote on Twitter. “Payments are sent to https://naturalfreshmall\[.\]com/payment/Payment.php.”

If your credit card company provides single use, or pausable, virtual cards, it is well worth the effort to make use of those. You can use a virtual card once, and then delete it. This is especially necessary on foreign, or never before used, sites. For regular payments, I’ve set up a separate virtual card with a tight monthly limit.

See https://arstechnica.com/information-technology/2022/02/hundreds-of-e-commerce-sites-booby-trapped-with-payment-card-skimming-malware/

#technology #ecommerce #malware #fraud #security
#Blog, ##ecommerce, ##fraud, ##malware, ##security, ##technology