using Sysware Predictive Modelling services
With the increasing use of more sophisticated methods of fraud,
particularly with internet-based transactions, more powerful methods need to
be employed to ensure that such fraud can be quickly detected and prevented.
Fraud Prevention Software (such as that provided by Falcon) uses
rules-based techniques to locate "unusual" transactions that do not fit the
norm. These techniques work well for the more basic types of fraud.
However such techniques do not work for more advanced fraud
methods, particularly because fraudsters are constantly mutating their
behavioural rules to avoid being detected. It is possible using Predictive
Modelling services to data mine for new behaviour patters, and thus pick up
the new fraudulent behaviour patterns as they occur, and to quickly put
appropriate prevention processes in place
Predictive modelling techniques (such as those provided by Sysware) have been
found to be highly effective in combating the more advanced fraud methods, and
complement the use of rule based techniques to prevent the basic rule based
frauds.
Sysware can complement your processes, and enable you to get extra mileage out of
them.
See case studies for more, or
contact us
|
