Isnt it Time to Think About Fighting Fraud?

  • Fraud Prevention

We are already half way through the last month of Q3, 2012 and before we know it, we will be celebrating for the New Year. With Q4 just around the corner, now is the perfect time to think about putting a fraud prevention plan in place for 2013. According to a the 2012 Fraud Prevention Report by Javelin Strategy and Research, the number of identity fraud incidents has increased by 13 percent over the previous year. This number is very likely to increase in the coming years as we become more dependent on mobile devices and the internet for everything from shopping to banking and electronic money transfers.

In the card-not-present (CNP) space, the corporations have to take responsibility to protect their customers from identity fraud. In the CNP space, there is no way an individual can protect themselves; they simply must have faith that the bank or online merchant they are dealing with has proper fraud controls in place. EVSs IdentiFraud Consumer solution includes identity verification with KBA (knowledge based authentication) at no additional cost. EVS has over 11 years experience of effectively fighting fraud and will continue to prevent and protect from fraud in years to come. Its never too late to get started, follow us on Twitter for more updates and industry news or contact us today to plan for 2013!

[Contributed by Eric Knapp, VP of Client Services]