How to select a cyber fraud prevention solution

As large-scale incidents like the Colonial Pipeline ransomware attack and CAM4 data breach have been increasing, security professionals need to integrate tools that fight fraud into their cyber protection plans. Anti-fraud systems have been protecting cyber environments from account hijacking, identity theft, and fraudulent transactions for many years. However, few people know that there are different types of products with specific characteristics.  As its name suggests, a fraud prevention system is meant to detect and prevent fraudulent activities. Financial institutions were the first to use these systems at the beginning of the 2010s, following large-scale attacks that targeted e-banking systems. Later, other sectors,… [Continue Reading]