Combining Fraud Prevention Solutions to Protect Your Business

Online security technology is not
hard to come by these days; it has become just as common as websites and mobile
apps. Finding the right fraud prevention
is not about finding the biggest, most expensive, or even the most
advanced technology, its about finding the right mixture yes, mixture. With
the recent changes in the FFIEC
in the past years and as online business has evolved, one layer
of protection is not enough. Security analysts and specialists have repeatedly
stressed the importance of layered security solutions for protecting businesses
and consumers. The term intelligent
has come into existence to describe using a combination of
technologies to detect and prevent security threats. This concept will help
security professional adopt a more proactive and preventative approach to
online security.

Pairing up identity
and authentication with other security technologies can add a
vital layer to preventing online fraud before causing damage. By using
real-time identity authentication, companies and security officers can watch
for and examine patterns that may help to detect fraudulent activity. Some
security experts refer to intelligent security as closing the gap by
providing a real time look at the cyber landscape of your business. It is
important to remember that its not always about more or less layers, but about
finding the right mixture of layers for your business model. Even if businesses
can detect 95% of the fraudulent activity taking place in their realm, hackers
and cyber thieves can sneak through that 5% crack.

Human judgment and care can never
be replaced 100% with technology, so its important to keep an on-going
proactive approach to monitoring fraud prevention solutions as well. Be just as
involved as your technology. Preventing fraud begins with detecting fraud, and
using identity verification and authentication can detect and prevent
online fraud
for your business and consumers.

[Contributed by EVS Marketing]

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