This report was written in collaboration with Forter .
The lack of attention to loyalty accounts makes them a prime candidate for fraudsters.
As companies continue to bolster defenses against more traditional fraud types, criminals have expanded into new areas – and loyalty programs are a prime target. The current defenses against such vulnerabilities are outdated and ineffective. Merchants are still largely dependent on inefficient manual processes and narrow point solutions. Consequently, many organizations are at risk for reputational and financial damages.
It is time for a new approach, one that addresses the problem broadly through modern techniques combined with state-of-the-art tools.