How financial institutions are improving customer experience with fraud prevention measures

Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one recent study, e-commerce merchants, consumers and financial service providers lose approximately $6.4 billion to fraud annually. Even worse: Losses from false declines are estimated at $443 billion—almost 70 times greater than losses from fraud—each year. Customers expect their accounts and transactions to be secure, but an … More → The post How financial institutions are improving customer experience with fraud prevention measures appeared first on Help Net Security.
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