With the introduction of e-commerce era and the convenience of shopping online, there are a high chances of fraud too. We need to understand that if there are digital benefits of e-commerce to increase your revenue, there are possible frauds too.
Fraud can be in a form of using a stolen credit cards or through website/system hacking, the question is how online retailers are ready and prepared for this?
Australian Payments Network collects card fraud data from financial institutions and card schemes. Reported for the year of 2019, a Total FRAUD of ($574 MLLION) AS A PERCENTAGE OF ALL TRANSACTIONS
Mostly it is happening during the holidays, and due to the lack of a modern security strategy.
Dynamics 365 fraud protection – Solution for Fraud prevention online
However, with the fact check and current happenings in the retail market, Microsoft is offering a solution for loss prevention online. Yes, you read it right, along with awareness among people, companies need to have a secure end too.
So, if you are also a business owner in Australia. You must know about the features of it to ensure that your customers’ safety. Having a great marketing strategy is not enough because security needs to tighten up too. Now, when you think about improvising the system within your organisation, you must learn the ways of doing it.
How Dynamics 365 can provide store security?
Just think about it for once. If hackers have a mindset to use technology in their favour. The companies have more power to use the same technology in their favour. So, let’s see the features of Dynamics 365 as a savior for us.
·Adaptive AI technology
It automatically learns from the scenarios and information to ensure the accuracy in data and adapt the new patterns on its own. And ultimately, it optimizes the
·Fraud protection network
The network means that it is always connecting to every aspect of the data. So, that simply means a broader perspective for you to secure personal information.
·Transaction acceptance booster
It is to share the transaction knowledge with associate banks and work together to maintain security.
·Customer escalation boost tool
You get the best risk calculation and it is just to improve customer support.
What’s more in the store?
In the end, these are just some of the features available. But the tool is improving and working on account prevention along with loss prevention. So, if you are looking for a fraud protection plan get in touch with DFSM experts.