Digitalization of business processes and advent of mobile computing have given rise to next generation of fraud. Cyber-criminals have a variety of tools and techniques – as well as opportunities to steal money and services.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. Work with other fraud analysts to identify larger fraud trends and stop cybercriminals on a global scale.”]
Source: https://www.bankinfosecurity.com/whitepapers/definitive-guide-to-next-gen-fraud-prevention-w-5453