{"id":4553,"date":"2014-01-22T14:44:00","date_gmt":"2014-01-22T14:44:00","guid":{"rendered":"https:\/\/evssolutions.com\/a-fraud-prevention-plan-that-suites-your-company\/"},"modified":"2014-01-22T14:44:00","modified_gmt":"2014-01-22T14:44:00","slug":"a-fraud-prevention-plan-that-suites-your-company","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/a-fraud-prevention-plan-that-suites-your-company\/","title":{"rendered":"A Fraud Prevention Plan that Suites Your Company"},"content":{"rendered":"

A fraud prevention
\nplan<\/a> is the easiest way to detect suspicious activity and high-risk
\nsituations. Detecting and preventing identity theft is a lot easier and less
\ncostly than you may think when you have a clear understanding of what fraud
\nprevention solutions have to offer. You may already have several procedures in
\nplace to detect fraud but there are also new technologies you can easily deploy
\nto cover areas you still need to address. Frequently enhancing your strategy is
\ncrucial, especially if you are working in the following industries: banking,
\ncredit unions, mortgage brokering, auto dealing, debt collection, credit
\nissuing, utilities, telecommunications, or healthcare.<\/p>\n

As a business, you need to identify the potential risk
\nfactors you may face in the future. This could be anything from account
\nestablishment to where you store your data. Its very important to be able to
\nverify the identity of a user and know they are who they say they are before
\naccount establishment, whether the account is being opened in person or online.
\nIdentity verification solutions that utilize challenging questions during this
\nprocess are a good tactic to keep fraudsters out. Out-of-wallet
\nquestions<\/a> based on personal knowledge and information are hard for
\ncriminals to answer. Using information
\nmatching<\/a>, such as address and social security number, is also a good way to
\ndetect fraud.<\/p>\n

A fraudster may be trying to infiltrate your system is the
\nuser continuously fails to answer challenging questions about places they
\nhave lived and people they know. You can also monitor withdrawals from a
\nsavings or checking accounts or deposits a lot of money to a new accounts and
\nhigh dollar credit card charges on the same day in different cities to
\ndetermine fraudulent activity. And of course, a big red flag would be if a SSN
\nbelongs to a deceased person.<\/p>\n

The reality is that fraudsters change their game quickly and
\nswiftly forcing systems to be monitored and updated on a regular basis. Its
\nimportant to be proactive and pay attention to the state of other industries as
\nwell as your own. There is no better way to protect your data and customers
\nthan by implementing strong fraud prevention solutions. <\/p>\n<\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A fraud prevention plan is the easiest way to detect suspicious activity and high risk situations. Detecting and preventing identity theft is a lot easier and less costly than you may think when you have a clear understanding of what<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-4553","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4553"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4553\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}