A significant credit card fraud issue emerged, and the CEO's response was shocking. Instead of enhancing verification for valid transactions, they disabled address verification to artificially boost revenue. This shady decision led to a surge in fake transactions and chargebacks, severely compromising the company's integrity and resulting in substantial financial losses. Meanwhile, the executive benefited from incentives tied to the inflated revenue.
How do you protect your business from bad executive management? Share your thoughts below!
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Billions & Billions of eyeballs, six continents, 10k+ servers, and plenty of lessons learned over 2+ decades in I.T.
If you're looking for quick tips on optimizing tech, managing suppliers, and growing a business, 20 Minutes Max is the space for you.
Here I talk about things that come up during my day and share insights on taking your business to the next level. In less than 20 minutes, you'll walk away with actionable advice and strategies for success. Take advantage of this valuable resource for CEOs, CFOs, and business leaders.
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P.S. Did you like the show? New episodes will be released weekly, so please subscribe and stay up-to-date!
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Website: www.itbroker.com
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LinkedIn: Linkedin.com/in/maxclark
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What is 20 Minutes Max?
Billions & Billions of eyeballs, six continents, 10k+ servers, and plenty of lessons learned over 2+ decades in IT
If you're looking for quick tips on optimizing tech, managing suppliers, and growing a business, 20 Minutes Max is the space for you.
Join me as I talk about things that come up during my day and share insights on taking your business to the next level. In less than 20 minutes, you'll walk away with actionable advice and strategies for success. Take advantage of this valuable resource for CEOs, CFOs, and business leader