All businesses have a fair share of formal and informal procedures and processes to ensure efficiency in dealing with customers and effectiveness of operating costs. As the owner, you should be very hands on with everything that happens with your business, especially when it comes to your workers. To keep your workers’ compensation costs low, […]
Fraud
Everything You Need to Know About Fraud Liability
It’s no wonder small businesses are feeling pressured or even overwhelmed by security concerns today. From federally mandated EMV chip updates to POS systems to worries about online fraud, questions over security measures and potential liability abound. Tackling these issues head on means balancing convenience, liability protection and implementation costs. It also means gaining a […]
Cyber Shoplifting is Affecting Both Retailers and Consumers
There is a phenomenon sweeping through the ecommerce environment, and it’s negatively impacting everyone involved. Friendly fraud and illegitimate chargebacks have negative ramifications for consumers, merchants, financial institutions and card networks. The Good and the Bad First, the good news. Between 2012 and 2014, the number of ecommerce sales increased by 40 million. By 2018, […]
The Growing Problem of Fraud
Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff. ~Alan Greenspan According to the Small Business Administration small businesses lose on […]
Identity Theft’s Hidden Victim: Your Business
Regardless of how it’s executed or who is affected, one fact is universal: identity theft leaves its victims feeling violated and insecure. However, the true victim of identity theft isn’t always as obvious as one might assume. A Well-Established Threat While it may seem as though the threat is a relatively new phenomenon, the roots […]
