What are the best practices for fraud prevention?
Some best practices include implementing strong authentication, monitoring transactions, and educating employees.
Can you explain how strong authentication works?
Strong authentication requires multiple verification methods, like passwords plus biometrics or security tokens.
What role does employee training play in fraud prevention?
Employee training helps staff recognize fraud signs and understand protocols to report suspicious activities.
Are there specific technologies that can help with fraud prevention?
Yes, technologies like AI-driven analytics, machine learning, and fraud detection software can significantly enhance prevention efforts.
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