The Role of ISO Certification in Preventing Fraud in Online Transactions
Introduction Online transactions have become a cornerstone of modern commerce, but they also present significant fraud risks, including identity theft, phishing, and payment fraud. As cyber threats evolve, financial institutions and e-commerce platforms must adopt robust security measures to protect consumers. ISO certification plays a crucial role in fraud prevention by providing internationally recognized frameworks that enhance security, compliance, and risk management. Strengthening Security Measures with ISO Standards ISO certification establishes best practices for securing online transactions. ISO 27001 ensures that organizations implement a structured Information Security Management System (ISMS) to safeguard sensitive customer data. This includes: Encryption and secure data storage to prevent unauthorized access. Rigorous authentication protocols to verify user identities. Regular security audits to detect and mitigate vulnerabilities. Additionally, ISO 20022 standardizes fi...