Due to the fact that Internet related business is relatively new, there has been lack of policing for fraud or litigation. Therefore, fraud related laws have been difficult to enforce. For Internet merchant companies, there are 3 key elements that should be in place in organizations for a solid anti-fraud strategy:
I. Set internal policies.
II. Have effective communication with consumers without causing a loss of consumer confidence.
III. Aggressive investigation of actual crime occurrence as well as cooperation with international anti-fraud personnel.
Companies that conduct significant business on the Internet must be proactive and aggressive when it comes to fighting fraud.
Kenneth B. Hunt MBA, CFE
Kenneth Hunt's Blog 