When running a small business, it is vital to develop an eCommerce fraud protection strategy to mitigate the risk of a cybersecurity attack. In fact, $1 of fraud lost can cost your company $3.13 on average. One way to minimize eCommerce fraud is to introduce passwords to be stronger. It is recommended a strong password has eight to ten characters that range from numbers, symbols, and upper/lower case letters. Implementing fraud protection measures will help prevent fraud as well as enhance customer confidence in making purchases. If you are interested in learning more ways to protect your organization from eCommerce fraud make sure to consult the infographic below.
Infographic created by First Data, a mobile payment solutions provider