Fraud and Risk Management

Session monitoring helps prevent fraud

Integrated fraud detection monitors all user activities during a session and generates a risk assessment for fraud prevention.

Reliable fraud protection of end customer data

One of the most important tasks of companies is the secure storage of end user data. Banks, for example, want to reduce the risk of fraud in order to minimize financial losses and avoid reputation damage or monetary fines for violating directives.

Fraud management is a security and monitoring concept, which facilitates a structured approach to corporate crime. Fraud prevention protects company processes from fake identities, identity theft, account takeovers, friendly fraud, and all other fraud patterns.

Benefits of fraud and risk management

Integrated fraud detection reduces financial losses, like costs for tracing potential fraud using end user support systems. It protects against malware attacks, which are only activated after authentication.

Even complex, socially engineered Remote Access Trojan attacks (RAT) are detected. Customers also benefit from lower costs for fraud prevention since a risk assessment system (risk score) reduces manual processing expenses by up to 80%.

• Reduction in fraud cases
• Minimized financial losses
• Avoid reputation damage
• Minimized costs and effort

Who benefits from fraud and risk management?

This type of security and monitoring concept should be implemented in the banking sector in particular, but also in insurance, healthcare, e-commerce, and telecommunications.