Date:14 June 2012
Fraud Prevention That Powers Growth
Despite new initiatives in fraud prevention, 88 per cent of large retailers lost money from customer-not-present (CNP) fraud last year. Even worse, 46 per cent of these companies saw levels of fraud actually increase.
It seems that as CNP sales grow, so does the threat of fraud. And for merchants predicting significant growth in online sales, the challenges are even greater.