Fraud is a major concern for 72 percent of businesses, according to Experian’s Global Fraud and Identity Report. More than 5,500 consumers and 500 business executives in 11 markets around the world participated in the survey. The situation has not been improving, as six out of 10 businesses experienced the same losses to fraud as they did a year ago — or more. However, pulling the plug on every suspicious transaction is not a satisfactory solution. Many businesses said they denied more transactions than they should have.
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5 Effective Ways SMB Etailers Can Battle Fraud
Posted by: Richard Adhikari February 26, 2018 01:57 PMFraud is a major concern for 72 percent of businesses, according to Experian’s Global Fraud and Identity Report. More than 5,500 consumers and 500 business executives in 11 markets around the world participated in the survey. The situation has not been improving, as six out of 10 businesses experienced the same losses to fraud as they did a year ago — or more. However, pulling the plug on every suspicious transaction is not a satisfactory solution. Many businesses said they denied more transactions than they should have.