- Dana W. Jimenez
- Research Papers
- Online Scams or Fraud
Face efficiently the fraud challenge within payment systems.
Statistics and analysis about financial frauds confirm the need of financial institutions to deploy advanced solutions of transaction monitoring, against the increasingly phenomenon of online frauds. Year by year, statistics confirm the trend: the increase of online payment services accessed by a growing number of users is the perfect ”battle-field” for criminals. An adequate level of defense cannot separate itself from smart transaction monitoring able to self-learn according to pattern attacks evolution. That scenario has inspired the security requirements of PSD2 imposed by the EU institutions and EBA (European Banking Authority) regarding the use of advanced transaction monitoring systems to improve the security of online payments services...
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