Fraud comes in many forms. For today’s business owners, understanding each of them and how to reduce your risks, is an absolute must, writes Kellie Byrnes.
Cybersecurity is more important than ever under COVID-19. Time to polish up those fraud management plans.
With new ways to scam and defraud people appearing all the time, you’ll want to make sure your business processes are watertight. Here’s how to remain vigilant against fraud.
E-commerce has transformed not only the way we shop, but also how retailers plan and execute their business growth and marketing strategies around the peak shopping season.
Take a moment to evaluate your fraud management system, used to detect and prevent fraudulent transactions online.
You could be wrongfully turning away legitimate sales. Known as false positives, overzealous online retailers are losing money in their bid to reduce the risk of fraudulent transactions.
Just as a cheque from a less than reputable customer may bounce, there’s no guarantee that credit card you accepted isn’t stolen – so how do you protect your business from fraud?
People’s comfort with buying things online has led to the number of transactions going up – but this also means the number of fraudulent transactions has gone up as well.