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What is Wells Fargo's Risk identification?

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What is Wells Fargo's Risk identification?

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Solution Summary

The expert determines what is Wells Fargo's risk identification.

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The rapid growth of electronic medium has provided numerous opportunities to plunder the profits of businesses which rely on this method. On one hand it has presented businesses with enormous opportunities for growth, while on the other hand inherent risk of electronic commerce is much higher. Today, fraud comes mainly from four channels:
• Friendly fraud: when a legitimate cardholder's friend or relative takes the card for illicit purposes
• Opportunistic individuals: those who go ahead with valid information and later commit fraud
• Organized fraud rings: consist of highly sophisticated groups that changes location frequently to keep updated with latest fraud ...

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