Fraud intelligence - Glossary

Fraud intelligence is like having a savvy detective at your disposal one that uses data and technology to nip potential fraud in the bud before it even happens. It involves gathering analyzing and leveraging information to detect patterns or anomalies that might indicate fraudulent activities. Imagine an online retailer that suddenly notices unusual purchasing patterns – multiple high-value orders made in quick succession using different credit cards but shipped to the same address. Using fraud intelligence the retailer can quickly identify this as a red flag and take action to prevent a potential scam safeguarding both their revenue and their customers' trust. With fraudsters becoming increasingly sophisticated fraud intelligence serves as a vital tool for businesses to stay a step ahead adapting rapidly to new threats and maintaining a secure environment.