Defeating the new fraud threats

Defeating the new fraud threats.

The convergence of Faster Payments networks and digitisation of the banking experience is driving a new type of fraud that can devastate a consumer’s financial life and dramatically hit the bottom line of businesses. In essence, this new type of fraud is a human hack that bypasses the controls and cyber defences that banks have put in place.

In this paper, you will learn why this type of attack is growing so rapidly and, fortunately, how advances in AI technology allow for technique to be used to detect payment anomalies which fraudster may have tricked their victims into making.

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