Security News > 2021 > January > How do I select a fraud detection solution for my business?

To select a suitable fraud detection solution for your business, you need to think about a variety of factors.

A business is able to obtain a high fraud detection rate and low false positive rate.

These features will allow CISOs to improve overall organizational security posture by defending against the latest fraud tactics and providing a cross-channel view of potential fraud across the entire enterprise.

Advancements in technology, along with constantly changing fraud tactics, have created an evolving payments and fraud landscape.

Fraud prevention professionals should look for solutions that provide end-to-end coverage, using advanced technologies such as AI and Machine Learning to provide real-time dana processing to detect anomalous behaviors with the agility to adapt to shifting fraud.

It's critical for businesses to consider a few things when selecting a fraud detection solution that can meet the demands of their customers while also mitigating risk.

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