Payment fraud is any type of false or illegal transactions completed by a cybercriminal. The perpetrator deprives the victim of funds, personal property, interest or sensitive information via the Internet. For quite some time, fraudsters’ preferred method has been stealing physical payment cards and making purchases with them. This still happens, however, e-Commerce fraud is becoming more common. E-Commerce fraud is an illegal or false transaction made in a web-shop. The big difference between physical and online payment fraud is, that, the card does not need to be present when making an online transaction. The fraudster simply needs the card information, hackers can steal this information as it is often stored and transferred digitally.