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Cyber Security

Many times, cyber security breaches inadvertently lead to fraudulent activities. It is essential to monitor the real-time transaction. It is important not just for financial transactions, but also for digital event data surrounding authentication, session, location and device.

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Cyber Security

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  1. Let’s Say Goodbye To Financial Fraud For Good

  2. Fraud can be detrimental in a number of ways. It can refer to improper payments, money laundering, terrorist financing by compromising cyber security. Fraud at a personal level can be damaging both financially and emotionally. But when it takes place in an organization, especially a financial set-up, it can play havoc.  • Organizations have tried to prevent fraud, but most of the times, their approach is fragmented. They mostly use business rules and highly simple analytics to determine discrepancies and anomalies. This would leave a number of loopholes which would enable the criminal to escape unscathed by the time fraud was detected.

  3. To combat fraud effectively, newer technology is the need of the hour to combat the menace of financial fraud. This calls for more than the usual standard analytics like predictive and adaptive analytics techniques that can lessen the risk on and lead to ultimate fraud prevention. • FundingShield is a leading name when it comes to trusted services of risk management, fraud prevention and regulatory compliance technology solutions. It provides trusted services to allow lenders, investors, homebuyers and title companies to confirm wired funds are going to intended recipients and transactions are free of impact from cyber fraud, phishing, business email compromise, title or wire fraud.

  4. Fraud Detection in Today's World • Today detecting fraud involves a systematic approach that must lead totally data points with activities to find abnormalities. Fraudsters today employ sophisticated tactics. It is imperative to beat them at their game and have the required know-how to stay on top of their high-tech ways. • Many times, cyber security breaches inadvertently lead to fraudulent activities. It is essential to monitor the real-time transaction. It is important not just for financial transactions, but also for digital event data surrounding authentication, session, location and device.

  5. Organizations should follow the following steps to identify and stop fraud attacks and crime quickly and accurately. • Identify and tally all data types from various departments or channels and blend them into the analytical process. • Monitor transactions, social networks, high-risk anomalies and analyze them with behavioural analytics to enable real-time decision making. • The requirement for an analytics culture by visualizing data at all levels, which must include investigative workflow optimization. • Employ layered security techniques. FundingShieldis designed to timely discover fraud detection and judiciously take up measures for its prevention in the future. It offers impeccable and reliable services to efficiently to protect your organization. 

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