Four Things You Need to Do to Cut Fraud

Retail fraud is inevitable when transactions are conducted remotely and rely on each party trusting the other to carry through on their commitments for the transaction. Unfortunately with the growth in e-commerce and mobile commerce, the problem is getting worse. Businesses as diverse as Ice.com, Expedia and Footlocker have reported growing magnitude of friendly fraud chargebacks. Online insurance companies are exposed to misrepresentation fraud or even money launderingthrough their web…