{"id":4419,"date":"2022-02-24T18:16:08","date_gmt":"2022-02-24T17:16:08","guid":{"rendered":"https:\/\/radsec.it\/fraud-detection-prevention-and-response\/"},"modified":"2022-06-21T08:28:10","modified_gmt":"2022-06-21T06:28:10","slug":"fraud-detection-prevention-and-response","status":"publish","type":"page","link":"https:\/\/radsec.it\/en\/fraud-detection-prevention-and-response\/","title":{"rendered":"Fraud Detection, Prevention and Response"},"content":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;490864&#8243;]The continuous evolution of complex fraud attack schema is one of the most vicious threat that several businesses are facing now days.<\/p>\n<p>Originally, Online Fraud was focused on payment transactions and login processes, involving mainly banks and digital commerce. Today, these industries need an <strong>innovative anti-fraud strategy<\/strong> to increase the detection capabilities, optimize tools and workforce, and enhance the user experience.<\/p>\n<p>However, the fraud landscape has evolved and now encompasses a broader range of use-cases that impacts on different industries, both financial and not, like synthetic identity fraud and bonus or promotion abuse.<\/p>\n<p>Enhance fraud rates, minimize false positives, improve user experience, maintain compliance and minimize costs are all drivers to balance when developing and antifraud strategy.<\/p>\n<p>RAD supports its customer with its competence center trained and focused on assessing , developing and maintaining anti-fraud strategies and solutions, by adopting an holistic approach that take care of current trends and scenarios, with special focus on <strong>technologies<\/strong> and <strong>processes<\/strong>.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_height_percent=&#8221;0&#8243; override_padding=&#8221;yes&#8221; h_padding=&#8221;2&#8243; top_padding=&#8221;2&#8243; bottom_padding=&#8221;5&#8243; overlay_alpha=&#8221;50&#8243; equal_height=&#8221;yes&#8221; gutter_size=&#8221;2&#8243; column_width_percent=&#8221;100&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243; uncode_shortcode_id=&#8221;347932&#8243;][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/4&#8243; uncode_shortcode_id=&#8221;580843&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_custom_heading text_size=&#8221;h5&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; uncode_shortcode_id=&#8221;722030&#8243;]<strong>Innovation<\/strong>[\/vc_custom_heading][uncode_list icon=&#8221;fa fa-check&#8221; uncode_shortcode_id=&#8221;594804&#8243;]Antifraud strategy means <strong>innovation<\/strong> and <strong>completeness of view<\/strong>.<\/p>\n<p>A complete Transaction Risk Analysis needs to be fed by different risk indicators. Transaction and Event Monitoring tools need to be supported with innovative technologies in:<\/p>\n<ul>\n<li>Behavioral Biometrics<\/li>\n<li>Malware Analysis &amp; Device Fingerprint<\/li>\n<li>Threat Intelligence<\/li>\n<\/ul>\n<p>Moreover, modern Enterprise Fraud Management Systems (New-Gen EFMS) support an omni-channel approach that solve the \u201csiloed view\u201d of legacy antifraud deployments, to address a broader range of fraudulent use cases.[\/uncode_list][\/vc_column][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/4&#8243; uncode_shortcode_id=&#8221;123047&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_custom_heading text_size=&#8221;h5&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; uncode_shortcode_id=&#8221;659064&#8243;]<strong>Optimization and Orchestration<\/strong>[\/vc_custom_heading][uncode_list icon=&#8221;fa fa-check&#8221; uncode_shortcode_id=&#8221;195509&#8243;]Antifraud strategy means <strong>optimization<\/strong>.<\/p>\n<p>Architecture complexity, lack of feedback, communication gap, not properly equipped workforce: all of these factors make antifraud analysis complex and decrease fraud detection accuracy.<\/p>\n<p>This is why we strongly support the use of modern solutions for orchestration, automation and response (FOAR).[\/uncode_list][\/vc_column][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; back_color=&#8221;color-lxmt&#8221; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/4&#8243; uncode_shortcode_id=&#8221;812453&#8243; back_color_type=&#8221;uncode-palette&#8221;][vc_custom_heading text_size=&#8221;h5&#8243; separator=&#8221;yes&#8221; separator_color=&#8221;yes&#8221; uncode_shortcode_id=&#8221;174486&#8243;]<\/p>\n<h5>Trust<\/h5>\n<p>[\/vc_custom_heading][uncode_list icon=&#8221;fa fa-check&#8221; uncode_shortcode_id=&#8221;997055&#8243;]Antifraud strategy means building <strong>trust<\/strong>.<\/p>\n<p>Digital Transformation involves Digital Trust: it\u2019s not only a matter of mitigating risks and can drive the success or the failure of a business.<\/p>\n<p>Nowadays, there is a deep convergence among Online Fraud Detection and other security processes such as Identity Proofing and User Authentication. All of these processes can benefit from each other when performing a risk assessment and implementing countermeasures.<\/p>\n<p>Antifraud strategies need such complementary functionalities to increase trust and support related processes.[\/uncode_list][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;490864&#8243;]The continuous evolution of complex fraud attack schema is one of the most vicious threat that several businesses [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fraud Detection, Prevention and Response - RAD Cyber Security - Milan<\/title>\n<meta name=\"description\" content=\"The continuous evolution of complex fraud attack schema is one of the most vicious threat that several businesses are facing now days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/radsec.it\/en\/fraud-detection-prevention-and-response\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fraud Detection, Prevention and Response - 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