How To Protect Your Business From Fraud During Covid-19
COVID-19 has brought a fair deal of challenges for all the industries worldwide. Many companies, including financial institutions and banks, have turned to their online infrastructure for conducting business. The United Nations has already issued a warning that the coronavirus pandemic poses a threat to online security. In fact, according to the disarmament chief of […]
7 E-Commerce Fraud Prevention Best Practices
Fraud poses a significant threat to businesses and consumers in the e-commerce space. As the e-commerce industry rapidly expands, reaching an incredible $5.55 trillion in 2022 alone, the risk of scams, leaked customer data, and stolen payment information will only get worse. It’s more crucial than ever for online businesses to take fraud prevention much […]
How to Stop Account Access Fraud
Account access fraud carries heavy consequences. Financial account losses from account takeovers alone are $12,000 on average and as many as one-third of all attempted logins for such accounts are suspected takeover attempts. To make matters worse, as many as 28% of customers would simply close their account with a company if it was taken […]
How Companies Get Identity Validation Right
The dangers of phony IDs and the many fraudulent schemes that depend on them loom across all industries. Mitigating such risks is crucial for organizations in which regulatory compliance hinges on identity validation. And, considering the rising prevalence of credit card fraud in the US and abroad, with cases increasing by nearly a third in […]
