Balancing Security & Profit

How Identity Verification Solutions Benefit Ecommerce

While the Internet opened up a new frontier for opportunity, it also increased the need for businesses to protect themselves from vulnerabilities posed by payment fraud, identity theft, hackers, data breaches, and other security risk exposure. Ecommerce has managed these risks by putting tighter controls and procedures in place, which have the unfortunate effect of slowing revenue and increasing operating costs.

It is clear that a shift in the risk management paradigm is needed to level the landscape and create a better balanced business that is secure and more profitable. Rather than managing risk, businesses need to better manage opportunities so that their revenue potential is maximized.

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