Fraud Management

002Commercial fraud is a growing problem and many companies are beginning to feel the impact that it can have on the bottom line. Fraud-related costs for U.S. businesses equates to $50 billion annually according to a 2007 study by Javelin Strategy and Research. Integrating fraud solutions into your current business processes can go a long way in early identification of fraudulent situations, enabling you to take action before it affects your profitability.


Prevention & Protection

To minimize the impact of fraud on your company, you must employ measures to identify potential fraud before it occurs and identify fraud quickly once it has been committed. Authentication of a business - and the individuals linked to the business - is crucial prior to establishing a relationship. Likewise, monitoring accounts after a relationship has been established can uncover red flags that could indicate the likelihood of fraud already in progress. Equifax can assist you with both identity verification and fraud detection.