Detect Fraud Early with the Right Software
Fraud can be a quite a threat for any company because precious IP may be stolen, and that can have a serious negative impact on the company branding and image. Globally some $2.9 trillion is lost due to fraud.
Detecting fraud early can be quite a task, but it is not impossible. There are a few things that an enterprise can do to protect their venture. For instance, enterprises would do well to engage in frequent IP audits to protect their precious IP assets and ensure that there are strict non-disclosure agreements in place with their employees. Enterprises must protect themselves from different avenues that may be open for their own employees to indulge in fraud. Therefore enterprises must put in place measures wherein their IP assets are protected. Enterprises can ensure that their human resources policies protect their IP effectively even in the case of termination of an employee.
With fraudulent activities on the rise, enterprises have begun to feel the need to arm the company with different fraud detection software that can be implemented automatically and can engage different controls to help detect and even prevent internet fraud. The usage of technology has enabled these anti-fraud mechanisms to be much more than static fraud monitoring devices. For anti-fraud solutions to be truly effective, they should offer daily monitoring abilities coupled with capabilities of ensuring identification, recording and usage of data for evidentiary purposes to nab the culprits easily. The onus remains on getting actionable intelligence early on to assist enterprises in catching frauds in time.
A proactive solution that can offer the perfect way to monitor auction sites, check for product listings and scour the net for gray market activities can be a valuable addition to any enterprise’s anti-fraud strategy. Enterprises require analytical data about the different fraudulent and gray market activities that could affect their brand and their product’s reputation. Therefore the solution that enterprises eventually opt for should be an intuitive one that can understand their specific requirements and offer solutions for the same.
Learn more about: IP Protection