Best Practices for Detecting Banking Fraud

Best Practices for Detecting Banking Fraud

Banking fraud is a sophisticated global business carried out by organized, professional criminal gangs. To effectively combat the fraudsters, banks and credit unions must be at their best. Based on Guardian Analytics' fraud analysts' collective 50 years of practical field experience, this white paper presents proven strategies and techniques for detecting and preventing a wide range of fraud schemes and attacks.

Readers will learn:

  • Overall strategies for preventing fraud
  • Specific tactics for detecting fraud while account holders are engaged in online or mobile banking
  • Operational strategies that will help financial institutions to respond quickly and effectively when fraudsters strike
  • Anomaly detection as a category of fraud prevention solutions that are designed to implement many of the best practices described in this paper

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