Fraud Prevention Tips to Help You Save Money and Keep the Bad Guys Away

As the economy recovers and consumer spending shifts from brick-and-mortar to e-commerce, the threat of online fraud is expected to grow. According to the 2011 LexisNexis True Cost of Fraud Study, while there was an overall decline in fraudulent transactions last year, the average amount of each fraudulent purchase continued to increase. In fact, 2011 brought some of the largest data breaches in history — over 180 million stolen records — giving fraudsters a vast amount of information to attempt attacks. This data suggests that retailers and consumers should be prepared to see a rise in fraudulent transactions long term.