Online Detection Solutions Help Prevent Internet Fraud
The Internet has transformed the way we do business, with some businesses having been greatly benefitted; while some have been negatively impacted. The ease with which one can host a website encourages counterfeiters to create fraudulent webpage’s and carries on with their activities. As technology is expanding with every passing day, security measures need to be taken to curtail these online frauds.
Growth of Online Fraud
Online fraud and cyber crime has turned out to be a huge global racket. It brings together cyber criminals who craft ways to steal money and encourage counterfeiting. On one hand, success of internet has enabled eminent brands to chart out to multiple markets around the globe; it has also benefited fraudsters by allowing them to make the best of social engineering.
The U.S. Securities and Exchange Commission, which regulates securities markets within the United States, reports that it receives as many as 300 complaints per day from investors about alleged Internet fraud.
Online Fraud Prevention
Most companies have now realized that internet has facilitated the growth of counterfeit products and grey market sales. This is prevalent especially in the high-tech industry where remarking is considered to be a common way for selling faulty goods. It is essential for online trade companies and others to be aware and find ways to prevent internet fraud.
Industry Offering for Online Fraud Prevention
Today there are innovative online fraud detection solutions that monitor a wide range of sources globally, comprising of auction sites such as Tao Bao, eBay, Amazon, Alibaba, and OLX, e-Bay, B2B sites and even grey market malls. The solution works by identifying and analyzing suspect information on a user friendly dashboard. It helps to prevent internet fraud through advanced features such as:-
* Improved SaaS based anti-counterfeiting software solution
* Suspect prioritization based on client criteria
* Applying human intelligence to assure data integrity
* High end search capacities that daily monitors internet
Advanced online fraud protection solution developed by leading service providers is an innovative web mining and reporting technology that offers organization in-depth visibility beyond their supply chain into the vast open, global market. It gives actionable, prioritized information concerning any internet fraud that helps to curb grey market sales and retrieve the lost brand value.
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