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ValueWalk Asks: “Why Are CFOs Outsourcing Fraud Prevention?”

Outsourcing Fraud Prevention Value Walk - Press

Monica Eaton-Cardone of Chargebacks911® Explains the Advantage of Outsourcing

Chargebacks911 COO Monica Eaton-Cardone explains why more Chief Financial Officers are turning to the pros for fraud prevention in a recent guest post for ValueWalk.

As the latest Global Fraud Index report from Forter shows, fraud activity is still on the rise. The average merchant sees up to 8% of total revenue gobbled up by fraud and related losses! As Monica touches on, though, outsourcing fraud prevention allows businesses to reallocate staff and resources. Merchants can worry less on preventing loss, and instead focus their attention where it should be: growing their business.

“Fraud tactics and identifiers change fast in the eCommerce environment,” Monica explains. “That means in-house teams require constant training and ongoing education, and thus investing in new systems and software with each developing threat source. More and more CFOs find that outsourcing is both easier and more cost-effective. CFOs can get much more “bang for their buck” with service providers who specialize in fraud prevention, allowing them to redirect resources where they can be leveraged more effectively.”

Of course, you can’t just turn your fate over to anyone. You need a service provider who can promise expertise, compliance, and a reporting-backed guarantee. Those are just a few of the key points to look for when selecting a service provider.