With all the talk about data security and the fuss over TJX’s massive data breach, potential opportunities have been overlooked. One such area that presents tremendous opportunity for retailers is online fraud detection and prevention. Our recent Loss Prevention report shows that retailers still view fraud detection as a traditional component of stop-loss initiatives. In fact, modern fraud detection and prevention tool sets offer a more practical ROI: a chance to mitigate fraudulent transactions from bad guys overseas and consequently avoid complicating (and potentially losing) legitimate sales.
What do you see for real opportunities in making the customer more secure that aren't getting much press?
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