Loading...

Technology sharing is critical in preventing fraud

Published: December 22, 2016 by Guest Contributor

Fraud and cybersecurity are two of the biggest risks challenging organizations and the economy today. Fraud has become its own industry, to the tune of $500 billion in estimated losses annually. To strengthen your fraud risk strategies, you need:

  • A multilayered authentication and risk-based approach to prevent fraud.
  • A comprehensive approach to identity with true customer intelligence.
  • To avoid silos and recognize the value of combining your solutions into one platform.

The rapid growth of fraud-related activity only reinforces the need for aggressive fraud prevention strategies and the adoption of new technology to prepare for the latest emerging cybersecurity threats.

Want to know more?

technology-sharing-cybersecurity

Related Posts

Mobile identity verification confirms the legitimacy of users accessing services via their mobile device.

Published: October 29, 2024 by Julie Lee

Bot attacks are plaguing financial institutions. The risks are significant, weakening both security and financial stability.

Published: October 22, 2024 by Alex Lvoff

With fraudsters continuously refining their methods, fintechs must invest in advanced fintech fraud detection and prevention solutions.

Published: October 15, 2024 by Theresa Nguyen