How to Determine the Total Cost of Fraud in Your Payment Fraud Prevention Strategy
The accelerated growth of ecommerce is fueling a shift in shopping behavior. Retailers must transform quickly to meet customers’ expectations. At the same time, fraudsters have evolved to find new more sophisticated methods.
It has never been more important to understand the financial impact of your fraud solutions.
According to Gartner, “In order to build an effective fraud detection strategy, fraud leaders must attempt to quantify how much fraud is costing their organization. Your total cost of fraud drives discussions about how much to invest in detecting and preventing fraud, and how best to align a fraud strategy to organizational goals.”1
Register now to learn how to:
- Develop a total-cost of fraud model to maximize investments and align your fraud strategy with overall business needs
- Calculate the fraud costs associated with account access, onboarding and payments
- Implement effective solutions for fraud detection and prevention that drive down your total cost of fraud
1 Gartner, How to Create a Payment Fraud Detection Strategy at the Organizational Level, Akif Khan, 21 January 2020
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