Integrate a Fraud Management System
Ultimately, establishing an effective enterprise fraud management system is the best thing you can do to safeguard your small business from scams. Enterprise fraud management (EFM) refers to the real-time screening of transactions activity across multiple company users, accounts, processes, and channels, to ultimately identify and prevent fraud within a business.
When selecting a fraud management system for your business, there are several criteria you should consider. Look for a program that will offer seamless integration, real-time analysis, and results, and fits into your budget.
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In an age when online scams are becoming more prevalent, defending your company’s data needs to be a top priority. By educating yourself and your staff on the types of fraud to look out for as well as prevention and protection measures, you’ll arm yourself with the knowledge needed to strengthen your overall security. Additionally, integrating an effective fraud management system will provide you with the peace of mind you deserve in knowing your data is safe from scammers