Fraud Protection

The goal of fraud protection is to protect both the consumer and the financial institution from the negative effects of fraudulent transactions or banking acts. With the rise of digital channels such as online and mobile banking, financial institutions must develop effective methods to protect themselves from fraudulent transactions.

Fraud protection and cybercrime share a common dynamic. While security experts seek to improve methods of detecting and preventing fraud, criminals use the Dark Web to collaborate, share resources, and make money.

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