The digitalization of business processes and advent of mobile computing have given rise to the next generation of fraud. Cybercriminals have a variety of tools and techniques—as well as opportunities—to steal money and services. Furthermore, traditional fraud prevention tools often fail to stop this fraudulent activity.
Companies need a new approach to fraud prevention—one that stops fraud early and preserves the user experience. Companies with an online presence must have the ability to:
- Detect and respond to fraudulent activity before incurring losses
- Leverage human insight and machine learning to identify advanced fraud
- Work with other fraud analysts to identify larger fraud trends and stop cybercriminals on a global scale
- Block more fraud while reducing fraud prevention costs
This book explores how companies can leverage a next- generation fraud prevention solution to stop more fraud while reducing costs and providing a positive user experience for trusted customers.