With the increasing amounts of online accounts, its fairly
easy to lose your identity online. Between online
banking and social
media, there are a lot of platforms on the Internet where consumers enter
personal information and many sites where businesses collect personal
information from clients. Because so many business transactions are made
online, consumers give out their personal information fairly easily and
willingly. Not to mention that consumers have more online accounts than ever
and spread their personal information out across the Internet. As our online
identities become vaster our vulnerabilities for online
fraud also become greater.
The unfortunate thing about the convenience of online
business and the digital revolution is that consumers and businesses are making
identity thieves jobs easier. Another unfortunate thing about online fraud is
that many companies and industry sources report and analyze hackings AFTER they
happen. Businesses discuss all the mistakes made, all the red flags, but they
rarely discuss how to prevent fraud, just how to clean it up. Sure, its easy
to get your identity onlinebut its just as easy to protect it. By taking the
time to learn about identity
verification and authentication, businesses may find that there is a
solution that fits their needs and budget. Adding this important step to your
fraud prevention plan can help detect and prevent fraud. After all, the cost of
prevention is much less than that of redemption.
[Contributed by EVS Marketing]