Security News > 2021 > February > Actions Enterprises Can Take to Combat Common Fraud Types
Beyond just an initial understanding of each of these types of fraud, I'd also like to examine what enterprises can do to mitigate risk and limit losses for each type.
Of course, looking for these signs requires enterprises to have both mature controls and a robust fraud monitoring capability - neither of which is a given.
Payment fraud is more than likely the type of fraud that most of us are familiar with.
It is much better for the enterprise to detect and prevent fraud much earlier in the fraud chain - before the fraudster has a chance to execute a fraudulent payment.
While there are many types of fraud, I've attempted to provide a basic introduction to three of the more common types.
Detecting and preventing ATO, AO, and payment fraud requires enterprises to put the requisite controls in place, as well as a robust fraud monitoring capability.