The solution to fraud lies in improved staff training and technical measures.
1) Look out for counterfeit cards
Signs include characters that appear crooked, uneven or otherwise unusual; smudged or altered signatures; scratched or destroyed magnetic stripes; damaged or dull holograms; or first numbers that don’t match the brand’s format.
2) Watch out for suspicious behaviour
Scammers may look nervous, try to shop just after opening or just before closing, have a damaged card, or even try to pay without a card at all, just a number.
3) Detect suspect behaviour
Fraudsters often buy large numbers of expensive items that may appear random, and may return to buy more. This is true of physical and online purchases.
7) Use strong, unique passwords
Ensure attackers can’t crack open your IT administrator accounts, which could give them access to customer card data. The most secure method is two-factor or multi-factor authentication, which could mean using a fingerprint reader, facial recognition or one-time passcodes to unlock accounts. Password managers help you create hard-to-guess passwords.
8) Train staff to spot suspicious emails
Phishing emails appear to have come from a legitimate source and encourage users to click on a link or open an attachment, which will download malware or take them to a malicious page.