With 2013 in plain sight, it is important to protect your
business and consumers going into the New Year. Even though it may seem
premature, it is never too early to look into revising, revamping, or even
creating a fraud
prevention system for your online and mobile business. If suggestions
arent enough, lets look at the numbers. Just in the first quarter of 2012, online
fraud surpassed the numbers in 2010 by 200%. This doesnt necessarily mean
that the Internet is more dangerous than it was a few years ago, it simply
means that more people are putting their personal information at risk through
online accounts. According to Experian, the average online user has 26 accounts
with an average of only 5 passwords. This sharing of passwords has been one of the
many factors leading to all of the online breaches this past year.
Thus far, more than 10 million online accounts have been
hacked through various online websites and accounts. As 2013 quickly
approaches, it vital that companies invest more in online security. And to
those who dont already implement some type of fraud prevent, 2013 needs to be
the year to start one. As more consumers are going online to check accounts,
submit orders, bank, and much more companies must adapt their business models
to accommodate for this. Identity verification and authentication should be at
the core of every fraud
prevention solution. These two factors play a big role in preventing fraud
before it leads to a breach or hacking. By using identity
authentication, only the true identity is able to access account information.
So, dont be a statistic – look into identity verification and authentication
for your business in 2013.
[Contributed by EVS Marketing]
