Financial institutions are offering more and more online and self-service applications, as well as expanding the methods that consumers can use to access these applications.
But with the constant addition of new banking applications and access methods, financial institutions are now faced with the challenge of having to keep pace with the criminal threats targeted at their business. Unfortunately, while several of these new methods bring new capabilities - frequently when deployed in isolation - they often fail to provide the comprehensive protection against today's criminal threats.
This paper discusses:
- The evolving fraud world; from the incredible growth in the sophistication of criminal attacks to the various approaches that can be used to help monitor and prevent fraud threats from succeeding
- The approaches to fraud detection, and ways in which financial institutions can detect fraud in real-time across all applications and provide higher levels of assurance as risk levels increase, without requiring integration with the applications