The Impact of Technology on Fraud Prevention
Uncovering Hidden Risks and Minimizing Losses
Uncovering Hidden Risks and Minimizing Losses
Statistics show most fraudsters are first-time offenders and collusion leads to greater losses. Nearly 6 out of 10 companies targeted are never able to recover their losses.
Innovative financial services teams have begun to turn the tide, by using technology as a tool for fraud protection. Screening for risk factors and learning early warning signs, they uncover fraud cases more quickly and significantly reduce losses.