IT'S hard to argue with the matchless ease and convenience that online shopping affords consumers. With the need to go out and visit a physical store eliminated, you can pretty much shop for anything you want or need anytime you feel like it. All you need is a computer or mobile device, a secure internet connection and a way to pay. And for many of us, keying in your credit card number on an online store's checkout page and receiving a shiny new purchase on your doorstep a few days later can be an immensely pleasurable experience.

Following the worldwide boom in popularity of e-commerce, however, concerns about online security and cybercrime have also become increasingly prevalent. Bad faith actors such as scammers and hackers are naturally eager to take advantage of the fact that more and more people around the world are sharing their financial information online. Moreover, the tools and technology at their disposal are also more sophisticated than ever, leading to the proliferation of increasingly complex and exploitative schemes in recent years.

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