Security and Fraud Prevention System: What are its Advantages?

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Online sales boost business expansion and increase inventory turnover. As a result, an increasing number of physical stores are migrating their operations to the virtual world and adopting the e-commerce model. And for them to function properly, it is essential that they have a security system.



Therefore, it is necessary to pay attention and plan practices iran number dataset transactions, data and credit analysis. In other words, you must be alert to the main villains of e-commerce: fraud.



Continue reading to learn more about the topic and ways to ensure this security.

Why is using a security system so important?
Brazil is the second country in the ranking of online commerce fraud in Latin America, behind only Mexico, according to a survey conducted by Visa. Some of the most common scams are:



the card test: when robots are used to try to discover credit card data and use it in online purchases;
account hacking;
identity theft;
among others.


Since physical card cloning is more complex, fraud has migrated to the online scenario, where it is not necessary to use personal passwords to validate a transaction. It is common for companies in various segments to face problems with false customer identities.



The lack of information when making negotiation decisions is also a reality for most organizations and can cause future difficulties, such as discovering that the client does not have the funds to hire the service.

How to avoid false customer identity?
It is important to consider that one of the most common strategies used by fraudsters to purchase products, steal credit card information and misuse it, or even apply for personal credit is by using the records of deceased people.



With this in mind, TargetData also has a security system with information (from official bodies) about deceased individuals in the country. This allows monthly monitoring to prevent fraud and reduce the risk of financial losses for your business.



Basically, the system automatically detects whether the CPF that you are trying to use to register belonged to a deceased person or not. This is a basic and essential check for the financial health of companies.



Therefore, it is also essential to consult information linked to a CNPJ or CPF before signing contracts, granting credit and establishing partnerships with other companies or individuals. TargetData considers these queries essential and has a complete database of records so that the security system can perform this check.



By analyzing information such as protests, lawsuits, bounced checks and financial debts from customers, it is possible to minimize the risks of default in negotiations and the costs of time and operations, enabling a greater number of sales and better shopping experiences.