The Four Pillars of a Modern Fraud Prevention Framework
Fraud prevention is a never-ending battle, and seasoned fraud teams almost always describe it in terms of what I call the three animal analogies:Whack-a-mole: ban one account, and another pops up. It can be difficult to stop a bad actor, because of the dynamic of…Cat-and-mouse: in general, fraud is adversarial; you can’t just solve it because the attackers are evolving, too.You don’t need to run faster than the bear: luckily, fraudsters are looking for the path of least resistance. You can add c...
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