Stop thinking of fraud as taboo, and start addressing this critical IT security topic
How much does your business lose to fraud? If you don’t know the answer, fraud is likely a taboo IT security topic at your organization. Argyle Data’s CEO explains why it shouldn’t be.
“Last year will be remembered as the year that fraud and cybersecurity moved from a back-office subject to front-page news. What’s more, existing fraud management systems are losing the innovation battle against evolving and sophisticated cybercriminals. …
On average, a company loses 5 percent of its revenue to fraud. These losses not only affect the bottom line, but also result in losses due to compliance fines, customer service cost and churn, and brand and reputation damage (which can often times be the most costly).”
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