3 Best Practices For Preventing Online Fraud

By Ryan Wilk, Director of Customer Success, NuData Security

Managing online fraud continues to be a significant and growing cost for businesses of all sizes. According to the 2014 Identity Fraud Study released by Javelin Strategy & Research, there was a reported increase of more than 500,000 fraud victims to 13.1 million people in 2013, the second highest number since the study began over a decade ago. Also from Javelin, in 2013, one in three people who received a notification letter from a data breach later became an identity fraud victim.

You must help protect your client’s organizations and their customers from fraudsters by understanding best practices for online fraud detection (OFD) and knowing what tools are currently available to assist them in this difficult task.

Latest best practices call for a “five layer model.” Below are three core recommendations which ensure the greatest protection against fraud.

Please log in or register below to read the full article.