It is crucial for every retailer to be cognizant of the latest trends in credit card processing and security to ensure all client and company data is kept safe at all times. This has a particularly high focus right now as it is International Fraud Awareness Week.
The Association of Certified Fraud Examiners, considered the world's largest anti-fraud organization, created this event as a way to spread the word on what consumers and businesses should be aware of. With 25 years of experience and over 65,000 members, getting the ball rolling is easy, but it is a time for all merchants, agencies and entities around the world to highlight awareness, detection and prevention.
"Fraud awareness is critical at a time when organizations around the world lose an estimated 5 percent of their annual revenues to fraud," the organizations website reads. "International Fraud Awareness Week encourages business leaders and employees to proactively take steps to minimize the impact of fraud by promoting anti-fraud awareness and education."
A recent news release out of Louisiana shows how simple it can be to inform the public. Rapides Parish Sheriff William Hilton said he wants to educate citizens to be aware of possible fraudulent activity on bank accounts, credit cards and credit reports. He encourages everyone to be vigilant.
For businesses, this is also a perfect time to examine current security practices and upgrade if the situation calls for it. This can be done easily with a retail payment solution provider that understands the current state of credit card fraud.