Fraud as a Service (FaaS) is a cybercrime model where individuals or groups offer various fraudulent activities or services for a fee. For return fraud, professional refunders are paid a percentage to guarantee a return. These fraudsters will use a variety of methods to carry out their crimes — including fake tracking ID, innys, or item not received/did not receive — for those willing to pay for these services. Fraud as a Service is really hard to detect as the customer service calls seem very legitimate.
Glossary Term1 min read
