How can I prevent coupon abuse or fraud when offering discounts?

About $300 million to $ 600 million is lost by businesses each year as a result of coupon fraud. It leads to greater losses to companies like complete website and social media takeovers. Here's a list o tips on how to prevent coupon fraud

1. Create geo-located coupons
2. Control the coupon distribution
3. Introduce email verification for digital offers
4. Invest in a reliable service provider
5. Generate hard-to-crack codes
6. Introduce budgetary limits
7. Invest in behavioural analytics to detect suspicious activity
8. Limit the number of coupon redemptions like once or (x) number of times