Key Considerations in Online Fraud
Guest column by Ryan Wilk, Director of Customer Success. Read the full article over at TMCnet.com.
September 9, 2014 — Online fraud remains a critical issue for businesses. CyberSource estimated in its 2013 Online Fraud Report that in North America, the total revenue loss due to online fraud in 2012 was approximately $3.5 billion. Those tasked with Online Fraud Detection (OFD) need to stay up to date so that they know about the latest tools and resources to keep their organizations and customers safe. Recent industry standards call for a “five layer model” to cover all the bases of OFD and create a comprehensive overview of user activity. To build the strongest OFD strategy possible, current best practices include the three recommendations below. [read more]