- Cyber & Malware Fraud Avoidance
- Graph Algorithms & Boolean Logic
- Advanced Visualization
- Real Time Intervention
Recent events have created increased focus on Financial Crimes attacks as well as Cyber, AML, and fraud attacks that are growing in sophistication creating losses in the billions. This session will identify how to reduce false positives by 60%, increase accuracy by 70% and improve overall team productivity by 80% with Expero CoNNected software that bolts onto current on premise technology.
In this series, we’ve shown that fraud is extremely expensive and can damage a company’s reputation. Preventative measures, such as employee training and email filtering can help reduce insider threats, but still leaves threats from the outside unhindered. Easy to use fraud detection software solutions, such as the Expero Connected Toolkit, reduce the overhead required to track and predict fraud and provide a variety of tools for many user personas.
Alerts are a powerful tool for real time fraud detection systems. Alerts can be used to surface things one normally wouldn’t see in real time. You can imagine using alerts to notify users of phishing attacks, fraud, or anything suspicious. Real time alerts are important for escalating and properly mitigating threats. They can even be preventative, declining fraudulent transactions (or enabling unusual, but non-fraudulent, ones) as they occur, before they escalate into full on fraud or successful attacks.