Where You Live Counts When it Comes to E-commerce... - Other News


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Credit Card Applications » News » Other » Where You Live Counts When it Comes to E-commerce Fraud

Where You Live Counts When it Comes to E-commerce Fraud

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Floridians may have more to worry about when it comes to e-commerce billing fraud than residents in many other states, according to a new study by Experian which looked at shipping and billing fraud.
While Florida is the riskiest state when it comes to billing fraud, Delaware is a hot spot for shipping fraud. But they are not alone. Fraud in Oregon, California, New York, Georgia, Nevada and Puerto Rico are all over the national average.
On the flip side, the rest of the states are at or below average levels – and that’s the good news. Pennsylvania, and Rhode Island weigh in with the least risk for shipping and billing fraud, and Wyoming, South Dakota and West Virginia are also in the clear.

Its all about where you live

Experian looked at millions of e-commerce transactions from 2015 finding that what state you live in makes a difference, and can increase or decrease your risk of being a victim of fraud. Why shipping and billing fraud specifically? With e-commerce on the rise there are more shipping and billing options available than ever before, and more of a chance that criminals will try to take advantage of consumers while they are shopping.
“Fraud follows the path of least resistance,” said Adam Fingersh, Experian general manager and senior vice president of Fraud & Identity Solutions. “E-commerce fraud is not confined to larger cities since fraudsters can ship items anywhere. With the switch to chip-enabled credit card transactions, and possible growth of card-not-present fraud, our fraud solutions help online businesses monitor their riskiest locations to prevent losses both in dollars and reputation in the near term.”
The riskier states often include a big port-of-entry city, which is very much the case in Portland, Oregon, Washington D.C and Miami, indicating that one of the reasons they may have higher-than-average levels of fraud is due to the ability of cyber thieves to move their stolen wares more easily.

The zip code rankings and breakdown

Experian used the billing zip code of fraud victims to determine which states and cities had the most and least amount of risk, with Florida having the most fraud, followed by Delaware; Washington, D.C.; Oregon and California. Yet, when they looked at the most dangerous zip code for billing fraud it was not in any of these states. Eudora, Kansas (66025) came in on top, followed by zip codes in Miami (33178) and Boston (02210).
But what about shipping fraud? Delaware took the top spot here with Oregon, Florida, California and Nevada following behind. South El Monte, California (91733) took the top spot, followed by four zip codes in Miami.
Who has the least to worry about? That would be the people living in Defiance, Ohio (43512).

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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