Innovation drives business, and product development teams are at the forefront of these endeavors. Connected and digital products can easily become fraud targets that put the company at risk of lawsuits, regulatory fines and a damaged reputation.
Fraud prevention professionals need to partner with product development teams to help solve these challenges:
- Internet of Things (IoT) products can become conduits for fraudulent activity.
- The assessment of vulnerabilities may be skipped in order to bring products to market quickly.
- The team might not be familiar with methods to safeguard products.
Partner with the product development team to consider risks during conceptualization and throughout the entire supply chain and customer processes.
Download our helpful guide to uncover how you can work with product development to outsmart fraud.