As eCommerce becomes more commonplace and businesses in general are becoming more digitized, there are increasingly more fraudsters who are looking at small- to medium-sized businesses as attractive targets.
Why all businesses need a fraud prevention solution
When you’re assessing new software and systems for your business, there are a few big questions you need to ask yourself: Does this product suit both my business needs and our internal capabilities? Can it adapt with me as my business grows and evolves? Does it seamlessly integrate with other essential systems my business needs?
Traditionally, fraud prevention solutions were costly, cumbersome, and mainly aimed at big businesses that had the capacity and the resources to implement and support enterprise-level software. It was assumed that these types of business were the sole targets of hackers and fraudsters, that they were the only ones who could afford and needed fraud protection.
But as eCommerce becomes more commonplace, and businesses in general are becoming more digitized, there are increasingly more fraudsters who are looking at small- to medium-sized businesses as attractive targets.
We have a full suite of fraud management solutions and add-ons designed to support your growing business, from small to enterprise-level solutions. Our flexible fraud and risk management solutions can streamline fraud operations with customizable rules, insights and risk scores that enable you to build a fraud management strategy tailored to your business strategy and customer needs. And because you’ve got your eCommerce payment gateway and digital invoicing all under the same roof, your transactions couldn’t be any more secure.
Enterprise businesses may hire a specialized team to manage the fraud prevention and response strategies online business. Cybersource’s Decision Manager was born from the need to optimize and enhance that workflow–to supercharge and optimize your in-house fraud team whilst retaining full control.
Small business solutions
If you’re a small business that doesn’t have resources to support an in-house fraud specialist, then you’re probably better suited to a “plug and play” approach: Fraud Management Essentials. We know that small to mid-sized businesses still need powerful business tools, but they don’t want to drown in unnecessary features and processes which are irrelevant for a business of their size.
Fraud Management Essentials comes with pre-set fraud filters mean you can get set up with minimal fuss, let the system do the heavy lifting, allowing you to be as hands-off or as hands on as you like. That means you can spend more time working on your business, and less time working in it.
But what if you feel you fall somewhere in the middle? Or maybe you’ve already had a fraud or security breach incident and you’re reassessing your needs? We’ve created a handy side-by-side of Decision Manager and Fraud Management Essentials so you can compare and decide which best suits your needs.
Reach out to our knowledgeable consultants to further explore how our security and fraud prevention solutions can help businesses of all sizes flow free from fraud. Even yours.