Tag: fraud detection technology

Fraud analytics can help your business keep up with sophisticated fraud attempts and provide expert security.

COVID-19 and the rush to transition to a remote lifestyle made it clear that many businesses need a refreshed fraud prevention strategy.

A recent survey of government benefit agencies shows an increased need for fraud detection technology to prevent eligibility fraud. Only 26 percent of respondents currently use fraud detection technology, and 57 percent cite false income reporting as the leading cause of fraud. Insufficient resources and difficulty integrating multiple data sources were the greatest challenges in preventing eligibility fraud.