How Can Banks, Online Retailers And Other Organizations Detect And Prevent Email Fraud?

Fraud is not new, and as online merchants evolve to keep pace with emerging technology, fraudsters also adapt to the new technological opportunities. A recent report shows that 35% of Internet users receive fraudulent emails such as “spoofed” emails that include links to reputable banking institutions at least once a week. As a result, banks, online retailers and other organizations need to design specific solutions adapted to these sophisticated types of email fraud.

The following questions have been addressed in this article:

What are the impacts of email fraud on organizations?
What about the impact on the organization’s reputation?
Should customers be informed?
What are the solutions to detect and prevent fraudulent emails?
What about training the users?

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