Fraud Prevention: Cost Center or Profit Center?

Everyone knows the fraud prevention team plays a key role in protecting the bottom line. But fewer people recognize how this team contributes to that bottom line. The fraud prevention team doesn’t just prevent losses: they directly boost profitability and enhance customer experience. How can we shift this narrative and ensure fraud prevention is recognized as the profit center it really is? Join us for a deep dive into the impact of fraud prevention on your company's profitability. We’ll explore the critical ways fraud prevention teams are undervalued, the obvious and less obvious ways they impact a company’s revenue, and how you can advocate for the value of fraud prevention at your company. We’ll cover topics like: - Common misperceptions about the value of fraud prevention - Why fraud prevention gets undervalued - How fraud prevention teams contribute directly to profitability - Indirect impacts to profitability that you might be missing - How economic conditions can elevate fraud prevention - How to position fraud prevention as a profit center