The Clearsale Blog

Economic risk and staff churn threaten security outsourcing

Economic risk and staff churn threaten security outsourcing

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high that retailers can benefit from investing in expertise.

Until recently, most retailers handled much of their fraud prevention in-house. As the frequency and complexity of fraud grow, more third-party fraud-prevention providers offer supplemental or outsourced fraud prevention. These vendors can take the staffing and skill burden off merchants, but decision-makers who are used to a fully in-house program may have doubts.

But there are challenges. Onboarding any third-party service requires research, conversations and careful consideration.

One risk that's rarely mentioned in the fraud-prevention market is having too much of a retailer's fraud prevention strategy concentrated in a few resources or activities, with nonexistent or inadequate contingency plans. Just as merchants risk their in-house fraud experts leaving and taking their knowledge with them, merchants can also face the prospect of a fraud-security vendor going out of business.

To reduce this type of risk when outsourcing, retailers should ask prospective vendors about their backup plans and do due diligence to ensure the vendor has the resources to maintain and grow its capabilities.

 

Click here to read the full article.

You may also like

What to Consider When Assessing the Cost of Fraud Protection

What to Consider When Assessing the Cost of Fraud Protection

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

CIOs need to create teams of cybersecurity experts

CIOs need to create teams of cybersecurity experts

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

What Facial Recognition Technology Can Do for Safety Right Now—And What It Can’t Do Yet

What Facial Recognition Technology Can Do for Safety Right Now—And What It Can’t Do Yet

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

M-Commerce Is Booming. So Is M-Commerce Fraud

M-Commerce Is Booming. So Is M-Commerce Fraud

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

Why MOTO Transactions Have an Increased Fraud Risk

Why MOTO Transactions Have an Increased Fraud Risk

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

As contactless payment use grows in the U.S., here’s what consumers need to know about fraud prevention

As contactless payment use grows in the U.S., here’s what consumers need to know about fraud prevention

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

ClearSale Unveils Updated Shopify App to Give E-Commerce Merchants Cutting-Edge Fraud Protection

ClearSale Unveils Updated Shopify App to Give E-Commerce Merchants Cutting-Edge Fraud Protection

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

COVID-19's Complicated Impact on E-Commerce: How to Deal with the Fallout and Adapt to the New Normal

COVID-19's Complicated Impact on E-Commerce: How to Deal with the Fallout and Adapt to the New Normal

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

Protect yourself from COVID-19’s new scams surge

Protect yourself from COVID-19’s new scams surge

From ClearSale analytics team to PaymentsSource: Just as logistics and marketing are complex enough to require professional help, fraud is now so pervasive and customer expectations are so high..

Want to write
for our blog?

Please review our writers' guidelines
https://www2.clear.sale/press/clearsale-guest-blog-guidelines
and then email guestwriter@clear.sale with your pitch!

Subscribe to our blog