5 Strategies to Help Your Business Combat Fraud

Merchants are losing $100 billion in fraud losses due to unauthorized transactions and fees/interest associated with chargebacks, according to the 2009 LexisNexis True Cost of Fraud Study, which surveyed more than 1,000 merchants, financial institution executives and 4,800 consumers. Factor in the additional cost of lost/stolen merchandise, and U.S. retail merchants are suffering a total industrywide fraud loss of $191 billion.