On-line Fraud Still Under-Reported
The majority of on-line providers still do not report the true extent of fraud despite its obvious threat to the industry. That’s the finding of a recent research study - click here for the full story. The biggest obstacle may be time. Tracking and careful reporting takes considerable resource and as a result, much of it remains unreported.
For many business service companies, this remains a constant problem but the true extent of it may remain significantly underestimated. Firms also find that police often don’t put this at the top of the crime list and this attitude can contribute to the lack of focus. Another approach may need to be found as the growth of on-line retailing continues to outpace in-store competition.
Solutions can include better tracking technologies, increased awareness from the public and better standardized processes. The problem is surely not diminishing.
