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Want to see how Chargeback Gurus can help your business prevent chargebacks and fraud? Schedule a demo with us here: https://hubs.ly/H0mgh-T0 When it comes to cybersecurity, we must remember the small computer device in all of our pockets because fraudsters will adapt their methods to work for any system in which they can potentially make money from. Understanding how fraudsters work and their new schemes can help merchants best defend themselves and their customers from experiencing fraud. Account takeover attacks within apps are becoming more and more common for fraudsters interested in app fraud, so merchants with mobile apps should seek to secure customer information. There are different options that merchants can pursue when wanting their apps to be more secure. These include two-factor authentication, tokenization, and "smart" fraud detection logic. Two-factor authentication is extremely helpful in stopping fraud, but it came be inconvenient for the consumer. Tokenization refers to storing the raw data in a secure, remote location, and using placeholder data to reference it. "Smart" fraud detection logic refers to various methods of going about fraud prevention, including tracing geolocation, velocity checking, and others. When developing an app, security should not be something that is compromised. Fraud prevention and protection always relates to chargebacks. Some companies seek a third-party company like Chargeback Gurus to help their systems develop processes to increase security, decrease instances of fraud, and therefore, decrease chargebacks. Read the article: https://www.chargebackgurus.com/blog/... ©Chargeback Gurus 2020 Production: Tyler DeLarm Narration: Sarah Rife