AlfaProtection

So, if your company has at least one fraud in the past year, and that appears to be likely, is the loss still significant? Over the years many people have tried to size the materiality
of fraud.
One of the biggest problems in determining the amount of the losses is the undetected fraud. However, ignoring the undetected losses, the current figures still indicate that fraud is costly in financial terms. Add to this the intangible costs,
such as, damage to the organization through loss of goodwill, negative publicity, reduced employee morale, stockholder confidence, etc. In some cases, the intangible costs may be
even higher than the financial losses.

What Can You Do To Prevent Credit Card Fraud ?
Incorporating a few practices into your daily routine can help keep your cards and account numbers safe. For example, keep a record of your account numbers, their expiration dates and the phone number to report fraud for each company in a secure place. Don’t lend your card to anyone — even your kids or roommates — and don’t leave your cards, receipts, or statements in your home or office. When you no longer need them, shred them before throwing them away.