Market is full of fraudsters - Hit them hard with FraudCops
Market research fraud and its impact on businesses has intensified recently, fueled by two contrasting viewpoints. On the one hand, everyone agrees that 70% to 80% of all market research data is fraudulent.
There is more uncertainty, however, about whether this fraud has a measurable impact on the outcomes of market research studies. One perspective, showcased in a recent report, alleges that fraud is a significant drain on corporate revenues, with billions of dollars in estimated losses.
Issue: Respondents providing false information to gain incentives.
Mitigation: Validate respondent information by using screening questions, ensuring quality control measures, and using reputable survey panels.
Issue: Respondents submitting multiple responses.
Mitigation: Implement mechanisms to detect and filter duplicate responses, such as IP address tracking, cookies, and respondent validation checks.
Issue: Automated scripts completing surveys.
Mitigation: Employ CAPTCHA or other human verification methods to prevent automated responses. Regularly monitor response patterns for unusual behavior.
Issue: Respondents using fake identities.
Mitigation: Validate respondent identities through multiple verification methods, and use secure and reputable survey platforms.
Issue: Respondents rushing through surveys without giving thoughtful responses.
Mitigation: Set minimum time requirements for completing surveys and include attention-check questions to ensure respondents are engaged.
Issue: Malicious attempts to alter or manipulate survey data.
Mitigation: Implement data validation checks, regularly audit survey data, and use secure platforms with encryption measures.
Issue: Individuals pretending to be part of the target population.
Mitigation: Use screening questions to identify and exclude respondents who do not meet the survey criteria.
Issue: False claims for incentives or rewards.
Mitigation: Verify eligibility for incentives and reward programs. Ensure that incentives are delivered only upon completion of the survey.
Issue: Fraudulent companies posing as legitimate survey panels.
Mitigation: Partner with reputable survey panel companies and verify their credentials. Research and authenticate the legitimacy of any new panel you consider using.
Issue: Unintentional disclosure of respondent identities.
Mitigation: Prioritize respondent anonymity, use secure survey platforms, and adhere to data protection regulations.
Issue: Fraudster Take Remote Login In Other Countries
Mitigation: Fraud Cop Detects the same & terminate Fraudsters
Issue: Unintentional disclosure of respondent identities.
Mitigation: Prioritize respondent anonymity, use secure survey platforms, and adhere to data protection regulations.
Issue: Unintentional disclosure of respondent identities.
Mitigation: Prioritize respondent anonymity, use secure survey platforms, and adhere to data protection regulations.
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