Fraud costs billions of dollars to public and private institutions in the US alone.
Fraud costs billions of dollars to public and private institutions in the US alone. Fraud undermines public trust and costs companies several years to regain that confidence from their customers. These criminals changing their patterns all the time and usage of decades old fraud detection systems are no longer effective. Companies need new algorithms that can comb through the Petabytes of data they collect to quickly detect fraud patterns in real time. Organizations need to be one step ahead of the fraudsters in this fast changing world wide threat on financial system security.