Today In Data: Fighting Fraud Without Frustrating Merchants
For all the time, energy and effort spent fighting fraudsters, they are persistent in looking for ways to fight back. The costs are myriad, and can be measured in funds delayed to businesses that need them (for fear of fraud), innovations not experimented with because of the heightened risk environment, or time and treasure spent trying to keep at least a step or two ahead of the fraudsters. Plus, all of that effort to offer hackers and criminals a frustrating and difficult experience must be done in tandem with offering a smooth, seamless consumer experience.
