Post by account_disabled on Mar 4, 2024 3:03:31 GMT -5
Ecommerce is a great opportunity for all companies to sell their products online. This has increased their sales and therefore increased their economy. A report from the United Nations Conference on Trade and Development states that currently, the global e-commerce market is worth approximately $trillion , Technologies and is growing rapidly due to the increase in internet connections . According to the UN International Telecommunication Union, the world's population currently has access to the internet , a figure that will continue to grow. However, there is an important factor that has “attacked” companies when implementing their online sales: Fraud. Payment fraud is defined as a false or illegal transaction made by a cybercriminal that affects any company with this system. According to the Association for Finance Professionals , respondents reported that their companies were victims of payment fraud during .
Due to all this, we present a list of four tips that Forbes and the Association of Certified recommend to avoid the risk of fraud since companies must America Mobile Number List implement a series of programs, protocols and guidelines to mitigate their risk of fraud. 1.- Risk assessment The company must understand and know what fraud it is exposed to. They are not all the same. This assessment should include identification, likelihood and response to the risk of fraud attacks. Detection and prevention Prevention includes policies, procedures, training and communications that detect fraud as it happens . Fraud detection is driven by activities and techniques (often complex analytical procedures) that recognize, immediately, whether fraud is occurring. This detection includes technologies and different methodologies such as data collection, irregularity reports, trend analysis and speed.
Although prevention techniques do not guarantee a risk of fraud, they do constitute the first line of defense to minimize the risk. 3.- Corrective measures and investigation There is no internal control to guarantee against fraud . For this reason, the company must have trained professionals, experts on the subject so that they can take care of these cases within the organization. All compliance situations and complaints should be investigated, evaluated and resolved as quickly as possible. 4.- Response plan This should include the positions and functions of those responsible in this type of case, as well as the procedures that allow the collection of data to facilitate decision-making. “The fraud response plan must include: reporting mechanisms, investigation of the situation with the people involved, recovery of funds or properties, and modification of the anti-fraud strategy.” In order to eliminate the risk of fraud , companies must hire providers with experience and a wide selection of tools and systems to secure their electronic payments.
Due to all this, we present a list of four tips that Forbes and the Association of Certified recommend to avoid the risk of fraud since companies must America Mobile Number List implement a series of programs, protocols and guidelines to mitigate their risk of fraud. 1.- Risk assessment The company must understand and know what fraud it is exposed to. They are not all the same. This assessment should include identification, likelihood and response to the risk of fraud attacks. Detection and prevention Prevention includes policies, procedures, training and communications that detect fraud as it happens . Fraud detection is driven by activities and techniques (often complex analytical procedures) that recognize, immediately, whether fraud is occurring. This detection includes technologies and different methodologies such as data collection, irregularity reports, trend analysis and speed.
Although prevention techniques do not guarantee a risk of fraud, they do constitute the first line of defense to minimize the risk. 3.- Corrective measures and investigation There is no internal control to guarantee against fraud . For this reason, the company must have trained professionals, experts on the subject so that they can take care of these cases within the organization. All compliance situations and complaints should be investigated, evaluated and resolved as quickly as possible. 4.- Response plan This should include the positions and functions of those responsible in this type of case, as well as the procedures that allow the collection of data to facilitate decision-making. “The fraud response plan must include: reporting mechanisms, investigation of the situation with the people involved, recovery of funds or properties, and modification of the anti-fraud strategy.” In order to eliminate the risk of fraud , companies must hire providers with experience and a wide selection of tools and systems to secure their electronic payments.