Whether its because businesses are getting smarter or
consumers are getting more particular, online business are starting to make
online security a priority. Users are
now getting used to (and embracing) some of the extra precautions implemented
to help reduce
online fraud. From creating accounts to the standard security questions,
these security tactics are no longer foreign to users. But even though security
is becoming more common, so is fraud. While security always tends to be a few
steps behind technology and hackers, companies need to remember to constantly
reevaluate and improve their fraud
prevention strategy because its not a one-time solution. And just like the
saying goes, even if youre on the right track youll still get run over if
you just sit there – fraud prevention
is no different.
Companies and users may think they are safe based on
current security measures but people and businesses are still experiencing
issues with identity theft and fraud. Just this week the largest national
identity theft ring was shut down and the suspects are expected to be on
trial soon. This should serve as a fair warning to companies in the US and all
over the world that online fraud prevention is a dynamic solution and should be
changing as the world changes. And while there are plenty of blogs and best
practices available to give tips on how to protect yourself online, the bottom
line is that the solution is going to be different for every company. So while
these best practices serve as a guideline to preventing fraud, its important
to consult with your internal team and outside security companies to find a
more catered solution.
[Contributed by EVS Marketing]
