Cyber Security

1
Lets Say Goodbye To Financial Fraud For Good
2

• Fraud can be detrimental in a number of ways. It
  can refer to improper payments, money laundering,
  terrorist financing by compromising cyber
  security. Fraud at a personal level can be
  damaging both financially and emotionally. But
  when it takes place in an organization,
  especially a financial set-up, it can play
  havoc. 
• Organizations have tried to prevent fraud, but
  most of the times, their approach is fragmented.
  They mostly use business rules and highly simple
  analytics to determine discrepancies and
  anomalies. This would leave a number of loopholes
  which would enable the criminal to escape
  unscathed by the time fraud was detected.

3

• To combat fraud effectively, newer technology is
  the need of the hour to combat the menace of
  financial fraud. This calls for more than the
  usual standard analytics like predictive and
  adaptive analytics techniques that can lessen the
  risk on and lead to ultimate fraud prevention.
• FundingShield is a leading name when it comes to
  trusted services of risk management, fraud
  prevention and regulatory compliance technology
  solutions. It provides trusted services to allow
  lenders, investors, homebuyers and title
  companies to confirm wired funds are going to
  intended recipients and transactions are free of
  impact from cyber fraud, phishing, business email
  compromise, title or wire fraud.

4
Fraud Detection in Today's World

• Today detecting fraud involves a systematic
  approach that must lead totally data points with
  activities to find abnormalities. Fraudsters
  today employ sophisticated tactics. It is
  imperative to beat them at their game and have
  the required know-how to stay on top of their
  high-tech ways.
• Many times, cyber security breaches inadvertently
  lead to fraudulent activities. It is essential to
  monitor the real-time transaction. It is
  important not just for financial transactions,
  but also for digital event data surrounding
  authentication, session, location and device.

5

• Organizations should follow the following
  steps to identify and stop fraud attacks and
  crime quickly and accurately.
• Identify and tally all data types from various
  departments or channels and blend them into the
  analytical process.
• Monitor transactions, social networks, high-risk
  anomalies and analyze them with behavioural
  analytics to enable real-time decision making.
• The requirement for an analytics culture by
  visualizing data at all levels, which must
  include investigative workflow optimization.
• Employ layered security techniques.
• FundingShield is designed to timely discover
  fraud detection and judiciously take up measures
  for its prevention in the future. It offers
  impeccable and reliable services to efficiently
  to protect your organization.