We all know the legal department’s chief concern is ensuring your organization remains compliant with regulations. But, what you may not realize is legal and fraud prevention teams’ responsibilities intersect when anti-fraud tools are selected.
Together, you can choose fraud detection solutions that create and store sensitive data securely to remain in compliance with data privacy laws.
Failing to collaborate is costly. Noncompliance penalties quickly become substantial expenses, and settlements or judgments from fraud-related lawsuits can add up to considerable amounts. Legal, compliance and fraud prevention professionals should team up to reduce the risk of:
- Significant loss
- Bad publicity
- Damaged trust
Download our detailed one sheet to explore how your department can partner with your company’s legal team to outsmart fraud.