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Most small businesses are all too aware that cyber criminals are becoming more inventive in their hunt for vulnerable or accessible financial information. They’re targeting individual consumers and small businesses, and the costs for businesses can be high.
For small businesses looking to combat online fraud, it can really help to have an understanding of today’s fraud landscape; the fraud-screening tools available right now; practical tips to mitigate fraudulent transactions; and an understanding of tokenized payments, which is a great way to improve security and customer convenience.
The face of online fraud today
Sage Payment Solutions recently surveyed 1,110 U.S. business decision makers and 1,062 US consumers about payment security, among other topics. We found that for both businesses and consumers, security remains a huge issue when making or receiving payments.
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