Business Incubator Insurance Vol 2 (2014, March) | Page 2

Workplace and safety tips brought to you by:
Marshall & Sterling Insurance
Lorraine Emerick, Vice President

DID YOU KNOW?
Have you been to a restaurant where the
server swiped your credit card right at your
table using a mobile point-of-sale (POS)
system? Mobile payment options—
including mobile browsers, applications
and POS systems—are gaining popularity
in restaurants and retailers of all sizes as
they allow merchants to accept, process
and present payments to customers right
on the spot.
But this technology comes with risks—
especially for smaller businesses. Read
on to find out why.

Study Finds Small Businesses More
Susceptible to Mobile Payment Fraud
Small merchants that accept at least
one type of payment using a mobile
payment option rely on fewer fraud
prevention solutions than larger
merchants do, according to a recent
study published by LexisNexis and
Javelin Strategy & Research. A lack
of adequate fraud prevention
solutions opens up these businesses
to the schemes of cyber thieves.

browser and malware tracking.

Credit card fraud is one of the largest
threats merchants that accept mobile
payments face. While offering mobile
payment options enhances the
customer service that companies can
offer, it also exposes businesses to
new opportunities for payment fraud,
including identity theft. To prevent
payment fraud, businesses should
implement several fraud prevention
solutions, including PIN and
signature authentication, and

For more information on identifying
and understanding the cyber risks
that could affect your business,
contact Marshall & Sterling Upstate,
Inc. today.

The study revealed that large
merchants use as many as four fraud
prevention tools, whereas small
businesses typically use just two. As
a result, large merchants are able to
prevent nearly eight times as many
fraudulent transactions as small
merchants.

Workers’ Comp Data
Useful for Public Health
Insurance industry professionals
aren’t the only ones interested in
workers’ compensation records. This
data is also valuable for occupational
safety and health research and
surveillance. In 2013, the National
Institute for Occupational Safety and
Health (NIOSH) established the
Center for Workers’ Compensation
Studies (CWCS). CWCS integrates
NIOSH’s traditional research efforts
aimed at preventing worker injury
and illness with workers’
compensation efforts aimed at
providing medical care and wage
benefits to workers with work-related
injuries.
Workers’ compensation insurance
records can be used for the
following:
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