5 Steps to a Better Fraud Prevention System

5. Fraudsters are flexible, but rules can be rigid. In order to steal from businesses which are trying to block them, fraudsters are willing to try many different kinds of attacks and approaches. As a result, fraud prevention systems are sometimes structured around firm, inflexible rules. This can be a mistake, allowing fraudsters gaps which they can exploit — not to mention prevent legitimate customers from completing their transactions. Retailers should reconsider their rules and policies regarding fraud, taking a look at systems which aren't rules based. Remember that fraudsters don't play by the rules and aren't subject to regulations and compliances; therefore, a more sophisticated mechanism is required in this game.