Write a Situational Assessment & Problem Statement for this business case: We ar

Question

Write a Situational Assessment & Problem Statement for this business case:

We are writing a business case for credit card fraud; The ultimate goal for this business case is to eradicate, or limit credit card fraud with consumers, and or within corporations. Companies that handle a lot of sensitive information such as credit card numbers, passwords, etc. need to more effectively protect the data that they store. A major objective is to reduce costs that consumers and corporations may face due to credit card fraud.

Write a strong situational assessment that will assess the historic, current, and future issues related to: Operational Performance, Customers, Employees, Competitors, Industry and market trends.

Explanation / Answer

Subject: Credit card fraud

Credit card fraud takes place every day in a variety of ways. You can’t always prevent it from happening, but you can create some obstacles and make it tougher for someone to get hold of your cards and card numbers.

What an Individual can do

History & Market trend

Company's operational performance

A person's identity is composed of a range of factors, including credit use, financial history, medical history and more. Identity theft companies offer a range of monitoring services that watch over different aspects of a person's identity to ensure it hasn't been altered or stolen.

Identity theft protection companies can offer customers a range of reports so they can have firsthand knowledge of their financial situation and identity history

When a person's identity is stolen, they often need assistance fixing the damage that has been done, and some identity theft protection programs offer aid to those who need to resolve their situation.

Identity theft protection services are available to customers both for free and for a fee.

Corportate Netowork and security

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